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The assets of the funds grow 0.7% and are close to 320,000 million

Date: April 2, 2023 Time: 09:37:59

The assets of the investment funds have been warned during the month of February for a value of 2,187.6 million euros. These data represent 0.7% more than the same period of the year corresponding to last year, according to provisional data released by the Association of Collective Investment Institutions and Pension Funds (Inverco). Therefore, assets have been around 319,799.4 million euros.

Inverco has reported that in February, despite the slight adjustment experienced in the financial markets, both for stocks and bonds, the new inflows into investment funds have allowed a new all-time high to be recorded, the second in a row, after an increase of almost 2,200 million euros in its volume of assets, 0.7%, allowing equity to reach almost 319,800 million euros.

In the first two months of the year, investment funds accumulate an increase of close to 13,500 million euros, 4.4% more. The entire increase in the volume of assets in the funds in February was due to the new net deposits that occurred thanks to the continued confidence of the participants in them, as highlighted by the association.

By categories, vocations with a more conservative profile registered increases in assets. Thus, in absolute terms, fixed-income funds will continue to be the leaders of this month’s growth with 2,873 million euros.

Guaranteed and passively managed funds also registered growth, totaling 1,054 million euros as a whole, due to the new net deposits registered in the month. On the other hand, the globals were the ones that experienced the greatest in their assets, of 708 million euros, due both to the negative behavior of the financial markets, and to the reimbursements registered in the month.

Investment funds once again registered positive net deposits, exceeding 2,860 million euros in February, maintaining the trend at the beginning of the year. In this way, since January, the investment funds accumulate more than 6,500 million euros of net subscriptions and chain 28 consecutive months with positive net deposits.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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