The funds are forfeited for the year, and will not trace 400 million refunds Per Bolsamania

Spanish funds bring together a net worth of 267,040 million, a level similar to that of October 2018. A year later, it has been seen how the numerous market corrections and political and commercial instability have taken their toll, slowing down further capital gains.

Tracing over 400 million losses seems like a practically impossible task in the absence of a four-month period to end 2019. The forecast of the employers' management (Inverco) at the beginning of the year was that the funds would gain a volume of 5.2% in the year, and with two thirds elapsed, they add up to 3.7%. Despite the sharp decline of the stock market in summer, the truth is that it is the markets that are supporting the management business this year, but not the investors, who are very cautious with their portfolios.

Read the full article in Bolsamania

Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the current market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.