mast image

Special Report

ESG: The metrics jigsaw


Fall in Spanish mutual funds less than expected

SPAIN- The fall in assets in the Spanish mutual fund market during 2001 has been less severe than expected, according to data from Lipper. The overall assets under management of mutual funds domiciled in Spain went down by 3.4% to €177bn during last year.

Even though current market conditions and pessimism among investors could have been translated into significant outflows in the mutual fund market , the decrease in assets during 2001 -€6.4bn- is much lower than the €23bn lost during the previous year.

According to Lipper, 52% of the fall in assets under management in 2001 can be attributed to portfolio depreciation and the remaining 48% to redemptions made by shareholders.

Money market and bond funds which returned 3.54% and 3.82% respectively, were the only categories with positive average returns. The worst average performance was for euro equity funds (-19.39%) and equity international funds (-17.61%). Domestic equity funds managed returned -7.61%.

During December the mutual fund market in Spain had net inflows amounting to €182bn mostly invested in money market and short-term, bond funds.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2575

    Asset class: Core Real Estate Muli-Manager Separate Managed Account.
    Asset region: Global.
    Size: CHF 150m.
    Closing date: 2019-12-20.

  • QN-2576

    Asset class: Small Caps Equity.
    Asset region: US.
    Size: $>100m.
    Closing date: 2019-12-09.

  • QN-2578

    Asset class: Sovereign Local Currency Emerging Market Debt.
    Asset region: Local emerging markets.
    Size: EUR 950m.
    Closing date: 2019-12-19.

Begin Your Search Here