Pension plans lose 586 million in July
The assets under management of individual system pension plans contracted by individuals fell by 0.62% in July, according to data from consultancy VDOS.
The assets under management of individual pension plans in Spain decreased by 0.62% in July, according to VDOS, dropping to 93.263 billion euros. This decline is led by banks, which still hold a 76.18% market share, with CaixaBank's VidaCaixa leading in assets under management at 26.273 billion euros. The fixed income funds were the only ones that registered increases, with 41.692 billion euros and a 44.70% market share. In terms of profitability, Caja Ingenieros Vida led among major managers with a 1.07% return.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
