Foreign investment in Spain dominated by BlackRock, Amundi, and JP Morgan with nearly 40% market share

International fund managers in Spain have seen a significant increase in assets under management, reaching 276 billion euros in March. This represents a considerable increase of 11,000 million euros since the beginning of the year. The increase can be attributed to the profitability of portfolios due to market growth, as well as a higher influx of funds compared to outflows in the last few months.

Investors who opt for foreign management firms in Spain are increasingly choosing ETFs or passive management vehicles, which replicate an index. In fact, 35.4% of all assets were invested in ETFs at the end of March, totaling nearly 76,000 million euros. Equities remain popular, but fixed income has gained traction since central banks intervened two years ago, now representing just over 26% of total assets.

Among the top fund managers in Spain, BlackRock maintains the lead with assets totaling 46,955 million euros, mainly through its iShares range of ETFs. Following BlackRock is Amundi, a French company, with 31,618 million euros in assets, and JP Morgan in third place with over 24,000 million euros under management. Together, these three managers control nearly 40% of the total assets invested in foreign firms in Spain.

Other notable fund managers in Spain include DWS from Deutsche Bank in fourth place with almost 20,000 million euros, and a group comprising Fidelity International, Morgan Stanley, and Pictet with around 9,000 million euros each. The landscape of international fund management in Spain continues to evolve as investors seek diverse options for their portfolios.