Analysis of the mutual funds and pension funds in Spain: evolution and performance

  • Descripción del artículo
  • Mutual funds and pension funds are the most important investment products in Spain. Nonetheless, it should not be confused with each other, or take them as equivalent; since the latter have also the characteristic of a long-term savings product, in order to obtain additional funds for retirement. Th...

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Main Author: Alda García, Mercedes
Other Authors: Ferruz Agudo, Luis, Reñé, Ruth Vicente
Format: Artículo
Language: spa
Published: 2012
Subjects:
Online Access: http://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/2877
Summary:Mutual funds and pension funds are the most important investment products in Spain. Nonetheless, it should not be confused with each other, or take them as equivalent; since the latter have also the characteristic of a long-term savings product, in order to obtain additional funds for retirement. These differences may influence the investor when deciding on one of these instruments, but also the manager, developing different management strategies.Therefore, on this paper we examine the main magnitudes of both markets in Spain. Moreover, we analyze the performance of two Spanish fund samples (one with global equity mutual funds and another with global equity pension funds) with the purpose of showing if their performance is efficient, and if there are differences on their management.

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