2023-10-04 08:00:51
Los investment funds decreased their assets in September by 2,000 million euros – the same adjustment volume as last August – which represents a decrease of 0.6% compared to last month, reaching 334,044 million, according to preliminary data from Inverco
This equity adjustment has occurred, according to the sector’s employers, due to the negative returns that have been registered in the financial markets. Despite this, so far this year, the assets of investment funds have accumulated a revaluation of 9%, which represents 27,612 million euros more than at the end of 2022.
On the other hand, “the investment pace of unitholders has continued with the trend observed by registering new inflows,” Inverco added.
In this sense, the category of global funds has experienced the largest decrease in assets in September with a drop of 1,326 million euros as a result of negative returns generated in the stock markets and the redemptions registered in the month.
The funds of renta variable international have remained very close to the global ones by limiting the decline in assets at 1,275 million euros, both due to adjustments in their valuations and due to outflows, while the mixed funds, in their fixed income and equity components, They have transferred 1,100 million euros.
On the other hand, in the month of September, less than half of the investment vocations registered increases in their assets, with those with a more conservative profile being the ones that increased their asset volume the most: fixed income funds increased their assets by 901 million of euros and so far this year they have increased by almost 20% (about 17.8 billion euros).
After fixed income, target return and monetary funds, which have accumulated increases of 60% so far this year, have increased their assets in September by a combined 884 million euros.
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