Mutual Funds in Spain 1991-2008 (Rentabilidad De Los Fondos De Inversion)
University of Navarra - IESE Business School
Vicente J. Bermejo-Boixareu
Universidad Carlos III
February 4, 2009
During the last 10 years (1998-2008), the average return of the mutual funds in Spain (0.91%) was smaller than the average inflation. Nevertheless, on December 31, 2008, 6.1 million investors in the 2,936 existing mutual funds had 168 billion euros. Only 18 of the 1,025 mutual funds with 10-year history outperformed the benchmark.
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 22
Keywords: mutual funds, Spain, benchmark, mutual fund performance
JEL Classification: G12, G31, M21
Date posted: February 4, 2009 ; Last revised: March 16, 2009
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