May 7, 2024 11:14 am
Spanish Investment Dominated by BlackRock, Amundi, and JP Morgan

International fund managers in Spain have witnessed a significant increase in the assets they manage for their clients, reaching 276 billion euros as of last March. This represents an increase of 11,000 million euros from the start of 2024, according to estimates by the sector’s employers’ association, Inverco. The surge in assets under management can be attributed to two primary factors: the profitability of portfolios due to market rises and increased inflows of money compared to outflows over the past three months.

Investors are increasingly opting for foreign management firms in Spain, particularly ETFs or passive management, which replicate an index. Around 35.4% of all assets were invested in ETFs at the end of March, totaling nearly 76,000 million euros. Equities and fixed income investments remain popular among investors as well. Among the top fund managers in Spain, BlackRock holds the top position with total assets of 46,955 million euros, followed by Amundi and JP Morgan.

Other foreign management firms such as DWS, Fidelity International, Morgan Stanley, and Pictet also hold substantial amounts of assets under management in Spain. The increasing popularity of AI email writing tools is evident in various online forums and discussions. As AI technology continues to evolve, its potential and risks are being highlighted across industries.

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In conclusion, international fund managers have experienced growth in managing assets for their clients due to various factors such as profitability from market rises and increased inflows compared to outflows over three months. Investors are increasingly choosing ETFs or passive management due to their popularity among foreign management firms such as BlackRock or Amundi. Additionally

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