The rate of inflows of money into investment funds has not slowed down even in August. Despite the fact that it is usually a weaker month in terms of money flows, shareholders reintroduced almost 1,000 million euros (970, in particular) into these savings vehicles, whose assets have set a new all-time high by exceeding the 306.9 billion euros, according to advanced data for August published yesterday by Inverco.
With this month left behind, there are already seven consecutive months in which net deposits are positive. In this way, investment funds accumulate inflows worth 17,600 million since January. A figure that contrasts with the 1,161 million euros that they attracted last year, in the middle of the pandemic.
By category, global funds and mixed fixed income funds received the highest net subscriptions , amounting to more than 300 million. On the other hand, guaranteed and passively managed funds registered the largest outflows last month of 113 million and 40 million, respectively. For the year as a whole, global funds are the clear favorites for investors, with inflows of $ 6.1 billion.
It should also be noted that, on average, these savings vehicles have achieved positive returns in August, 0.66%. Only the fixed income category and the guaranteed category have remained flat, with losses of 0.01% and 0.2%.
The strong inflows of money into the funds coincide with their good returns in 2021, which reached, on average, 5.19% , with international equity funds being the most profitable of all, with 16.28%, followed by those of the Spanish stock market , which add another 12.5% since January.
By management companies, the two that obtained the most subscriptions were that of the Santander bank , which received entries of 196 million, followed by that of Ibercaja , which attracted another 101 million.