The investment account leaves 90% of Spanish funds out
Less than 5% of the estate meets the requirements of the proposal designed by the Economy Ministry.
The Spanish Ministry of Economy has approved the Cuenta de Ahorro e Inversión Financia Europa, a new savings and investment account aimed at encouraging long-term investment in Europe. The account, inspired by similar products in other European countries like Sweden, allows investment of up to 150,000 euros in various assets. To be eligible, at least 70% of the portfolio must be invested in assets linked to the European Economic Area, with at least 50% in equities and 35% in equities from the European Economic Area.
According to market calculations, less than 5% of assets and around 130 investment funds (less than 10% of national investment funds) meet the required criteria.
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.
