Rentabilidad De Los Fondos De Inversion En España, 2001-2011 (Mutual Funds in Spain, 2001-2011)
University of Navarra - IESE Business School
IESE Business School
Luis Corres Avendaño
February 15, 2012
During the last 10 years (2001-2011), the average return of the mutual funds in Spain (1.3%) was smaller than the average inflation. Nevertheless, on December 31, 2011, 4.9 million investors had 128 billion euros in the 2,471 existing mutual funds. Only 1 of the 368 mutual funds with 15-year history outperformed the Spanish Index (ITBM).
Note: Downloadable document is in Spanish.
Number of Pages in PDF File: 16
Keywords: fondos de inversion, CNMV, INVERCO, rentabilidad para los partícipes, benchmark, TER
JEL Classification: G12, G31, M21working papers series
Date posted: February 16, 2012
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