In the case of international funds that are sold in Spain, the figure is even better: 23,000 million flows.

In the case of international funds that are sold in Spain, the figure is even better: 23,000 million flows.

In the case of international funds that are sold in Spain, the figure is even better: 23,000 million flows.

A woman handles dollar bills.

Spanish investment funds close the tenth month of the year with nearly €22 billion in net subscriptions of money, the highest figure since fiscal year 2017, year in which deposits of more than 21,400 million were registered. In October, these products have seen almost 1,775 million enter their coffers.

Little by little, the enormous savings held in deposits and cash at 0%, in excess of one billion euros, is moving towards the funds, which according to the latest monthly advance from Inverco have once again marked a new historical maximum of equity with a volume of assets in the 311,537 million of euros.

It represents an increase in October of more than 5,000 million (1.6% more than the previous month), as well as 36,439 million above the end of 2020 (13.3% growth in the year).

The profitability accompanies. Except for the benchmark indices for Japan and Brazil, the rest have posted notable increases. The funds have risen 0.85% in October and in the accumulated figure for the year they are revalued, on average, by 5.25%.

The international stock funds and the Spanish stock market continue to pull the wagonthe only categories with double-digit returns: 18.09% and 12.83%, respectively. On the contrary, two only assets in red are guaranteed funds (-0.25%) and fixed income funds (-0.09%), with Inverco data.

BBVA and CaixaBank, in the lead

In the fixed-income markets, long-term public debt is once again showing price corrections and showing increases in its IRRs. The ten-year Spanish bond stands at levels of 0.477%, compared to 0.409% in September.

It is also noticeable in the money flows towards the categories that carry the stock market, both pure and mixed, being the ones that most attract investors at a time when inflation has settled between 3% and 4%.

By entities, four groups are the mainstay of deposits. in head, BBVA Asset Management and CaixaBank Asset Management have disputed the tenth monthly ranking of the year, with 499 and 442 million euros in net inflows, respectively, ahead of Kutxabank Management and Ibercaja Management, with 172 and 106 million.

international funds

If the Spanish funds are in luck, foreigners who are sold in Spain can also say the same. In the third trimester, they have reached 260,000 million euros from Spanish customers, and they barely differentiate 51,500 million of local products.

From July to September, international funds have raised 3,000 million, and in the year they have already 23 billiona metric in which they are ahead of the Spanish by just over 1,000 million, based on Inverco statistics.

Muzinich, UBS, BlackRock and Pictet These are the foreign managers whose funds have received the most flows in the third quarter, amounting to 681, 405, 404 and 374 million, respectively.

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