Análisis de los fondos de inversión y de pensiones en España: evolución y eficiencia en la gestión

Mutual funds and pension funds are the most important investment products in Spain. Nonetheless, it should not be confused with each other, or take them as equivalent; since the latter have also the characteristic of a long-term savings product, in order to obtain additional funds for retirement. Th...

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Autor Principal: Alda García, Mercedes
Otros Autores: Ferruz Agudo, Luis, Reñé, Ruth Vicente
Formato: Artículo
Idioma: spa
Publicado: Pontificia Universidad Católica del Perú 2012
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Acceso en línea: http://revistas.pucp.edu.pe/index.php/contabilidadyNegocios/article/view/2877/2804
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Sumario: Mutual funds and pension funds are the most important investment products in Spain. Nonetheless, it should not be confused with each other, or take them as equivalent; since the latter have also the characteristic of a long-term savings product, in order to obtain additional funds for retirement. These differences may influence the investor when deciding on one of these instruments, but also the manager, developing different management strategies.Therefore, on this paper we examine the main magnitudes of both markets in Spain. Moreover, we analyze the performance of two Spanish fund samples (one with global equity mutual funds and another with global equity pension funds) with the purpose of showing if their performance is efficient, and if there are differences on their management.