January has seen retail investors put €1.56bn of net new money into Spain's local funds, according to data published by the local industry body association Inverco. Some €913m of this retail money went to global mixed fixed income funds, while €619 went to mixed equity products. Global funds and global fixed income products received net new investments of €478m and €394m, respectively. Conversely, there were some fund categories that saw net redemptions in January. Short term fixed income products suffered the greatest loss of money, with redemptions of €613m. Global and Spanish eq...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
