Rentabilidad de los Fondos de Inversion 1991-2008 (Mutual Funds in Spain 1991-2008)
22 Pages Posted: 4 Feb 2009 Last revised: 13 Oct 2015
Date Written: February 4, 2009
Abstract
Spanish Abstract: La rentabilidad promedio de los fondos de inversión en los últimos 3, 5, 10 y 15 años (2,52%; 1,88%; 0,91% y 2,96%) fue inferior a la inflación y a la inversión en bonos del estado a cualquier plazo. A pesar de estos resultados, los 2.936 fondos existentes tenían un patrimonio de €168 millardos en diciembre de 2008.
Sólo 18 de los 1.025 fondos con 10 años de historia obtuvieron una rentabilidad superior al benchmark utilizado (sólo 1 de ellos obtuvo una rentabilidad superior a la del IBEX 35: 10,4%). 269 fondos proporcionaron a sus partícipes una rentabilidad ¡negative!
English 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 Classification: G12, G31, M21
Suggested Citation: Suggested Citation
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