Spanish investors ditch equities

Spanish investors piled out of equity funds and into fixed income in January. Global equity and Spanish equity funds saw €230 million and €194 million of redemptions, respectively, according to the local funds body.

Investors directed money mainly into fixed income, with global mixed fixed income funds seeing inflows of €913 million – though €619 million also went to ‘mixed equity’.

‘Global fixed income’ also saw inflows of €394 million.

Overall, Spanish investors sunk €1.56 billion of net new cash into Spain’s funds in January, according to Inverco.

What Inverco terms as ‘global funds’ also began the year with a positive figure: €478 million.

Short-term fixed income saw the largest outflows, with redemptions of €613 million.

Industry assets under management grew by €446 million to €277 billion – an increase of 0.2% compared to the end of last year.

© 2020 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST