Investment funds based in Spain closed 2020 stagnant after having suffered during the first half of the year the effects of the pandemic. Specifically, they ended the year with a net worth of more than 276,000 million euros, a figure similar to that of 2019. But the year of the coronavirus has accelerated an evolution in this sector that, although it comes from afar, has never reached heights in 2020 previously seen. Spanish funds are investing more and more outside the country than in the national market, in search of greater profitability. Specifically, this type of fund closed the year for the first time exceeding 100,000 million euros of assets under management, according to statistics from Inverco, the employers’ association of these companies, mainly led by banks.
Vanguard, the manager with the first trillion-dollar fund whose founder warned of the risks of its large size