Fondos de Inversion, 1991-2007 (Mutual Funds in Spain, 1991-2007)
24 Pages Posted: 25 Feb 2008 Last revised: 13 Oct 2015
Date Written: February 19, 2008
Abstract
Spanish Abstract: En los últimos 10 y 16 años, la rentabilidad promedio de los fondos de inversión fue inferior a la inversión en bonos del estado a cualquier plazo. En los últimos 10 años la rentabilidad promedio de los fondos fue inferior a la inflación. A pesar de estos resultados, el 31 de diciembre de 2007, 8.264.240 partícipes tenían un patrimonio de €238,7 millardos en los 2.907 fondos de inversión existentes. A lo largo de 2007 el número de partícipes descendió en 555.569 y el patrimonio descendió un 6,1%.
Sólo 30 de los 935 fondos con 10 años de historia obtuvieron una rentabilidad superior al benchmark utilizado.
English Abstract: During the last 10 years (1998-2007), the average return of the mutual funds in Spain (2.2%) was smaller than the average inflation (3.0%). Nevertheless, on December 31, 2007, 8,264,240 investors in the 2,907 existing mutual funds had 239 billion euros. Only 30 of the 935 mutual funds with 10-year history outperformed the benchmark.
Note: Downloadable document is in Spanish.
Keywords: mutual funds, Spain, benchmark, mutual fund performance
JEL Classification: G12, G31, M21
Suggested Citation: Suggested Citation
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