The harvest of 2019 has been fantastic for the collective investment in spain. The provisional data provided by the industry association (Inverco) place the heritage managed by the Spanish funds in 275.690 million euros, a historical record, after being pointed to a growth of 18.176 billion in the last 12 months. The number of participants in these vehicles also has been achieved by the end of this year its highest figure with 11.66 per million of open accounts.
The increase of the critical mass of funds is primarily due to the good evolution of the markets in the year that is about to end, which has appreciated the value of the assets in which is invested the money of the participants. In fact, the net subscriptions in 2019, that is to say, the new contributions less refunds, only reached 742 million euros. These net flows of entry is concentrated largely in the month of December (402 million).
In the first nine months of the year, global equity funds experienced the strongest growth of all categories in percentage terms (30% increase), which amounts to 8,000 million more in absolute terms in the fiscal year. The persistence of the interest rates on negative results in the products where more money comes out to be the most conservative, that is to say, the monetary funds (2.936 million), absolute return (2.723 billion) and passive management (2.049 million).
In terms of profitability, the average profit of the set of categories in the first nine months of 2019 stood at the 7,27%, the accumulated yield highest of the historical series. International equities (22,21%) and equity securities (10,41%) were the funds that more joys gave to savers.
