Spanish fund industry worth €254.90bn in September 2017

Eugenia Jiménez
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Spanish fund industry worth €254.90bn in September 2017

Spanish asset management industry body Inverco reports that assets under management (AUM) of Spanish funds have risen by €19.48bn over the nine first months of the year, amounting to €254.90bn as of the end of September 2017.

The figure is up 0.5% month-on-month with an increase of €1.92bn in comparison to the previous month.

Of this, global equity funds accounted for the the highest monthly inflows, increasing their AUM by up to €1.40bn.

Inverco’s report also reflects positive data with regards to the volume of net subscriptions. September 2017 saw the local industry record net inflows of some €200m -a €6.92bn rise year-on-year- which took January through September 2017 net suscriptions to €14.96bn.

 

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