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Mutual Funds in Spain 1991-2008 (Rentabilidad De Los Fondos De Inversion)
Pablo Fernandez University of Navarra - IESE Business School Vicente J. Bermejo Universidad de Navarra - IESE Business School February 4, 2009 Abstract: 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. Keywords: mutual funds, Spain, benchmark, mutual fund performance JEL Classifications: G12, G31, M21 Working Paper SeriesDate posted: February 04, 2009 ; Last revised: March 16, 2009Suggested CitationContact Information
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