Spanish fund industry worth €262.45bn in December 2017

Eugenia Jiménez
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Spanish asset management industry body Inverco reports that assets under management (AUM) have amounted to €262.45bn in December rising by 0.7% month-on-month (€1.74bn).

The figure has exceeded the historical record the industry reached in May 2007, when it came to manage €261.07bn in assets.

Spanish fund industry worth has grown up to €27bn over the whole year, 74% up year-on-year (€15.55bn in AUM in 2016).

Global funds experienced the highest records both in December and over the whole year, amounting to €1.06bn and €14.40bn respectively. By its part, global equity funds and mixed equity funds added €568m and €482m respectively in assets under management.

December 2017 saw fund companies in Spain record net inflows of €1.07bn, which took year-to-date net suscriptions to some €20.50bn, against the €13.82bn reached a year earlier.

More than €117.69bn of net new money have been poured into Spanish fund companies since the industry registered its lowest levels in December 2012.

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