Return of Mutual Funds in Spain 1991-2009 (Rentabilidad de los Fondos de Inversión en España 1991-2009) (Spanish)

23 Pages Posted: 29 Jan 2010

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Javier del Campo Baonza

affiliation not provided to SSRN

Date Written: January 28, 2010

Abstract

During the last 10 years (1999-2009), the average return of the mutual funds in Spain (0.85%) was smaller than the average inflation. Nevertheless, on December 31, 2009, 5.6 million investors had 163 billion euros in the 2,586 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.

Keywords: Mutual Funds, Spain, Benchmark, Mutual Fund Performance

JEL Classification: G12, G31, M21

Suggested Citation

Fernandez, Pablo and del Campo Baonza, Javier, Return of Mutual Funds in Spain 1991-2009 (Rentabilidad de los Fondos de Inversión en España 1991-2009) (Spanish) (January 28, 2010). Available at SSRN: https://ssrn.com/abstract=1543882 or http://dx.doi.org/10.2139/ssrn.1543882

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/

Javier Del Campo Baonza

affiliation not provided to SSRN ( email )

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