Funds channel one in four euros into portfolios
CaixaBank, Santander and BBVA concentrate 70% of the discretionary management market.
CaixaBank, Santander, and BBVA dominate the discretionary management market in Spain, accounting for 70% of the total market. The three banks manage €127.201 million in assets through discretionary management, with CaixaBank leading the market with €63.293 million in assets. The discretionary management market has grown significantly, with €183.000 million in assets under management and 1.38 million contracts.
The average managed wealth through this model is €30.100. Indexa Capital, a roboadvisor, is also a significant player in the market with €5.256 million in assets under management.
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.
