Money inflows to investment funds reach a record level since 2014
Spaniards invest in investment funds at an unprecedented rate since 2014. At the end of October, money inflows into this type of product stood at 28,323 million in the accumulated amount of the first ten months of the year and are on track to close their best year since 2014, when spanish homes They allocated 35,573 million. In year-on-year terms, the figure is 20% higher than that recorded in the same month of 2024, with 23.5 billion, according to data collected by Inverco.
In October alone, net subscriptions were 3,410 million, thus marking 60 months of positive flow. The greater channeling of savings next to the experienced revaluation by the European stock markets pave the way for the volume of assets under management in Spain to reach 445,740 million. In fact, as explained the sector’s employersthe increase in assets of 46,740 million (+11.7%) is 40% due to the increase in assets, while the remaining 60% is explained by the market effect.
The equity increases in absolute terms are led by the fixed income fundswhich is driven by the long term, as well as higher returns. This category adds a total of 32.2 billion between January and October, 22.1% more, which puts the total assets at 177.67 billion. It also highlights the mixed fixed income, which rose 3.5% in equity terms, equivalent to almost 1,350 million due to the returns and positive flows.
In the ten months of 2025, this investment vocation has increased by 12.5%, leaving the total equity item at 40.2 billion. On its side, the income mixed variable -which closed the month with an increase in assets of 2.9%- concluded October with an increase of 0.9%, leaving assets at 24,970 million. Along the same lines, the income national and international variable it advances in the year by 37.6%, with an item of 3,340 million in the first case, being 7.7%, with a total amount of 65,845 million, in the second.
In contrast, the monetary fundswhich during the process of interest rate increases enjoyed great popularity, rising in assets to historical levels, ended the month with a decline of 2.4% having subtracted 590 million from its assets, being the only category along with guaranteed funds that has decreased in October. In this case, the Reimbursement of money has been higher than net deposits and they leave the total item at 23,560 million, although they settle the annual calculation in positive. Guaranteed vehicles join this behavior by declining 0.4% in the month, leaving the assets at 7,855 million, with a brake of almost 21% in the first ten months of 2025.
The good performance of the financial markets in recent months has served as a catalyst for the funds to reap positive returns. With an average of 4.6%, practically all categories have obtained positive returns, although those portfolios linked to national and international equities, especially those linked to the Japan and Emerging Stock Markets, did so with special intensity, with returns close to 20%. The Spanish stock market also appears on this list, which until October exceeded 39% in the heat of the historical highs it has been recording.
