Mutual Funds in Spain (Fondos de Inversion. 1991-2007)
University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
February 19, 2008
During the last 10 years (1998-2007), the average return of the mutual funds in Spain (2.2%) was smaller than the average inflation (3.0%). Nevertheless, on December 31, 2007, 8,264,240 investors in the 2,907 existing mutual funds had 239 billion euros. Only 30 of the 935 mutual funds with 10-year history outperformed the benchmark.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 24
Keywords: mutual funds, Spain, benchmark, mutual fund performance
JEL Classification: G12, G31, M21working papers series
Date posted: February 25, 2008 ; Last revised: March 3, 2008
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo5 in 0.860 seconds