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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-Boixareu


Universidad Carlos III
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.

Number of Pages in PDF File: 22

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

JEL Classification: G12, G31, M21

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Date posted: February 4, 2009 ; Last revised: March 16, 2009

Suggested Citation

Fernandez, Pablo and Bermejo-Boixareu, Vicente J., Mutual Funds in Spain 1991-2008 (Rentabilidad De Los Fondos De Inversion) (February 4, 2009). Available at SSRN: http://ssrn.com/abstract=1337480 or http://dx.doi.org/10.2139/ssrn.1337480

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-Boixareu
Universidad Carlos III ( email )
Calle Madrid, 126 Office 7.1.02
Getafe, Madrid 28903
Spain
+34 91 6249772 (Phone)
Feedback to SSRN (Beta)


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