Spanish funds net redemptions hit €768m

Eugenia Jiménez
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Spanish funds net redemptions hit €768m

Spanish funds have lost €254m in April, which raises to €768m the figure of net redemptions suffered so far in the year, Spanish asset management industry body Inverco reported. Absolute return, global equity and passive strategies are the categories from which Spanish investors withdrew more money, with losses of €307m, €225m, and €146m respectively. Spanish equities and mixed equities funds also saw net redemptions of €80m and €68m respectively. Conversely, monetary and fixed income f...

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