Individual Spanish pension plans and voluntary retirement savings providers (Entidades de Previsión Social Voluntaria - EPSVs) recorded an increase in assets of €656m in July, equivalent to a return of 0.69 per cent.

Figures from VDOS show that assets under management now stand at €96,509m. It said the increase was driven by a positive return on portfolios of €689m, with net repayments totalling €32m.

Banks maintain their dominant position with €74,83bn assets under management and a market share of 77.54 per cent, followed by independent groups and cooperative credit societies with 6.89 per cent and 5.91 per cent, respectively.

Caixabank was the national institution with the largest assets under management, with €25,001m and a market share of the market with 25.91 per cent, followed by BBVA with €17,325m and Santander with €10,967m.

Among the main groups, Kutxabank was the one that in percentage terms achieved the greatest increase in assets, with 1.29 per cent.

Regarding individual plans, assets under management increased by 0.65 per cent during the month, an increase of €540m, bringing total assets to €83,641,

In terms of profitability, among the main fund managers by assets under management, Cajamar Vida's performance stood out with 1.51 per cent, followed by Bansabadell Pensions with 1.1 per cent and Mutuactivos Pensiones with 1.08 per cent.

Among the independent fund managers, Dunas Capital Pensiones stood out with a
weighted average return of 2.63 per cent, followed by Cobas Pensiones with 1.86 per cent and Abante Pensiones with 0.68 per cent.

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