Spanish pension fund assets remain flat at €77,268m

Assets under management in Spain’s pension plans remained flat over July, losing €1m and ending the month on €77,268m.

According to the Spanish platform VDOS, the slight drop came from a negative return on portfolios of €123m, which was offset by net subscriptions of €122m.
Spanish banking entities received €115m of those net subscriptions, followed by independent groups with €35m. On the contrary, international groups suffered the largest net reimbursements, with €47m.

Banks retain the majority market share position with 78 per cent, followed by international and independent groups, with 8.28 per cent and 7.48 per cent, respectively.

In terms of assets, mixed plans have the highest allocations with €215m. The plans with the highest assets managed at the end of the month are the CABK Balance with €3,194m, followed by the CABK Destination 2022 and the BBVA Conservative Multiactive Plan, with €2,800m and €2,669m.

In terms of profitability Nationale-Nederlanden Vida has been the best performing manager in the month, with a return of 0.66 per cent, followed by Deutsche Zurich Pensions, with 0.62 per cent.

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