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.

    Share Story:

Recent Stories

Podcast: How can a cross-border approach to pensions benefit multinationals?
In this podcast, Irish Association of Pension Funds CEO, Jerry Moriarty and AMX Head of Client and Manager Development, Aaron Overy, discuss with European Pensions Editor, Natalie Tuck, how a cross-border approach to pensions can benefit multinational companies.

Podcast - How are investors reacting to climate change in the Nordics?
In this podcast, BNP Paribas Asset Management’s Chief Sustainability Strategist, Mark Lewis, and AP7’s Head of ESG and Communications, Johan Florén, discuss with European Pension’s Editor, Natalie Tuck, how investors are reacting to climate change in the Nordics.
Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows

Europe’s pensions challenges
Francesca Fabrizi meets Matti Leppälä, Secretary General and CEO of PensionsEurope, to discuss the key aims and objectives of the association today.