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Mutual Funds in Spain (Fondos de Inversion. 1991-2007)

Pablo Fernandez
University of Navarra - IESE Business School

Vicente J. Bermejo
Universidad de Navarra - IESE Business School


February 19, 2008


Abstract:     
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.

Keywords: mutual funds, Spain, benchmark, mutual fund performance

JEL Classifications: G12, G31, M21

Working Paper Series

Date posted: February 25, 2008 ; Last revised: March 03, 2008

Suggested Citation

Fernandez, Pablo and Bermejo, Vicente J., Mutual Funds in Spain (Fondos de Inversion. 1991-2007) (February 19, 2008). Available at SSRN: http://ssrn.com/abstract=1095303


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Contact Information

Pablo Fernandez (Contact Author)
University of Navarra - IESE Business School ( email )
Camino del Cerro del Aguila 3
28023 Madrid Spain
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)
HOME PAGE: http://web.iese.edu/PabloFernandez/
Vicente J. Bermejo
Universidad de Navarra - IESE Business School ( email )
Camino Cerro del Aguila, 3
Madrid 28023
Spain
+34 91 211 3167 (Phone)
Feedback to SSRN (Beta)


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