Market tumult sees Spanish asset managers lose €5.6bn

Spanish flagsSpain’s asset management industry suffered outflows of €5.6 billion in the first month of this year, due to equity market turmoil, according to figures issued by Spanish investment industry association Inverco. As of the February 1, 2016, total assets managed by Spanish investment firms stood at €214.3 billion, against the €219.8 billion registered at the end of December 2015. Spanish equity funds took the biggest hit, with outflows of 11.5%, while global equity funds saw outflows of 8.4%. However, this fall follows a year in which Spanish funds saw a 6.9% increase in assets, with overall net inflows of €13.8 billion. Fixed income funds and cash funds performed best, with net inflows of €275.7 million and €201 million respectively. The association attributes this to investors taking defensive action in response to volatile market conditions. ©2016 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.