60% of Spanish stock exchange funds with more participants click on Ibex with Dividends

1. Cristina García

All Spanish stock market funds (except one, Iberian Value) are positive this year, with an Ibex 35 that rises about 8.5% since January.Gains that grow to 10.55% if the payments made by the listed are included.But the differences in the performance of each other are notable, and not always those with the most participants turn out to be the most profitable.Among those who concentrate more than 1.000 Shareholders, about 60% earn less than IBEX with dividends this year, with MorningStar data until September 21.

Según los datos recogidos en la Comisión Nacional del Mercado de Valores (CNMV), a cierre del primer semestre del año, de todos los fondos de bolsa española domiciliados en territorio nacional, el que más accionistas reúne es Caixabank Master RV España.In it more than 174 are grouped together.800 investors y se usa para las carteras Master de CaixaBank AM, que se comercializan en banca personal y privada. Por contextualizar esta cifra, los abonados de este fondo no entrarían ni siquiera en el Camp Nou, el mayor estadio de España con capacidad para 99.354 spectators.

After the absorption of Bankia's manager, this range of funds is also used in the portfolios and underlying funds of the Bankia Discretion Management Service Expert Management and Bankia Expert Management online of the CaixaBank Group.Since then it has experienced great growth.In the specific case of this vehicle, in addition, it does hit the IBEX with dividends in 2021, when obtaining a profitability of 13.43% in the year, almost three points more than the selective.

After this, the second Spanish Stock Exchange Fund with more shareholders belongs to the Santander Bank manager. Se trata de Santander Acciones Españolas, que entre las dos clases que comercializa -la cartera, destinada también a su servicio de gestión discrecional, y la A- reúne a más de 93.100 partícipes [en el gráfico se muestran los fondos que logran más de 1.000 separate partners in their different classes to be able to offer their concrete profitability].

The fund managed by José Antonio Montero de Espinosa is also the largest current by assets under category management.It has exceeded 800 million euros, after they were reduced below 500 million at the beginning of November last year, just before the bags started to trace.In its case, the portfolio class achieves a plus of sufficient profitability to obtain a better result than that of the index, but the same does not happen with class A.The first revalue 11.17%, compared to 9.66% of the second.

A great gap with the rest

Son, con diferencia, los dos vehículos de bolsa española que más partícipes atraen, ya que en el tercero, ING Direct FN Ibex 35, un fondo de gestión pasiva que permite ganar exposición a este mercado a coste competitivo, hay 21.800 investors.This product brings together a heritage of 256 million euros, and is, despite having more shareholders, the second largest passive fund.The first is Santander Index Spain, despite having 1.559 partners.But replicating the behavior of Ibex 35 is not synonymous with obtaining greater profitability than he when the dividends of the quoted are included.This vehicle adds less than 10% profitability in the year, specifically gains 9.62%.

The fourth with more subscribers also belongs to the manager of Banco Santander -it is the second largest, only surpassed by CaixaBank-. Se trata del conocido, y televisivo, fondo que gestiona Lola Solana, que invierte en valores de pequeña capitalización, Santander Small Caps España, que reúne a más de 15.100. Este fondo de gestión activa, que el año pasado fue el más rentable entre los veinte mayores por patrimonio, se apunta una rentabilidad del 9,66% en lo que va de año, inferior a la del selectivo.

In general, there are up to 39 Spanish stock exchange funds, in its different classes, with more than 1.000 partners.And among them they concentrate 95% of all the participants who achieve the products of this category and exceed 416.800 -The shareholders of the products domiciled in Luxembourg or Ireland- are not included.Among them are some of the value of more iconic independent groups, such as Bestinver Bag, which brings together 3.099 participants;Cobas Iberia C, with more than 1.800;or Azvalor Iberia, with more than 1.600.

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