Mutua, Bankia, Mapfre top net subscriptions list in July

Despite Spanish funds have lost €314m over the seven months to July, they have achieved an average return of 5.6% during the period, Inverco's July data reports.  Mutua Madrileña, Bankia and Mapfre are the asset management firms leading the inflows in July. Mutua has topped the list with almost €108m of net subscriptions in the month, followed by Bankia and Mapfre with €99m and €70m respectively. Santander, Amundi Iberia, and Ibercaja come immediately behind with net new money below €50m. Conversely, Allianz Popular (already acquired by Santander) and CaixaBank have suffered the bi...