Spanish pension plan assets rise by 1.04% in May

Spanish pension fund assets increased by 1.04 per cent in May, according to VDOS.

Individual pension plans and EPSVs recorded an increase in assets of €972m in May, bringing total assets under management at the end of the month to €94,840m. VDOS said this was mainly driven by a positive return on the portfolio of €1,025m, while there were net repayments of €52m.

Banks maintain their dominant position with €72,799m managed and a market share of 77.51 per cent, followed by independent groups and cooperative credit societies with 6.91 per cent and 5.93 per cent, respectively.

In percentage terms, insurance companies recorded the highest growth in assets (1.31 per cent).

Caixabank has the largest assets under management, with €24,525m and a market share of 25.86 per cent, followed by BBVA with €17,005m and Santander with €10,799m. Among the main groups, Renta 4 is the one that in percentage terms has achieved the largest increase in assets, with 1.67 per cent.

In terms of returns, among the main fund managers by assets under management,
Caser Pensiones' performance in the month stood out with 2.04 per cent, followed by Bankinter Seguros de Vida with 1.99 per cent and Occident Pensiones with 1.95 per cent.

Among the independent fund managers, Cobas Pensiones stood out with a weighted average return of 6.88 per cent, followed by Dunas Capital Pensiones with 4.08 per cent and Renta 4 Pensiones with 1.85 per cent.

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