Pension Funds in Spain, 1991-2006 (Fondos de Pensiones en España, 1991-2006)

Abstract:     
During the last 5 years (2001-2006), the average return of the pension funds in Spain (2.9%) was lower than the average inflation (3.2%). Nevertheless, on December 31, 2006, 9.9 million investors in the 2,759 existing pension funds had 81 billion euros. Only 6 of the 115 equity pension funds with 5-year history outperformed the benchmark.

Note: Downloadable document is in Spanish.

Number of Pages in PDF File: 15

Keywords: pension funds, fondos de pensiones, fondos de inversion, INVERCO, rentabilidad para los partícipes, benchmark

JEL Classification: G12, G31, M21

working papers series