Fund supermarkets in Spain
Filed in archive Hedgetalk by Alex Akesson on February 12, 2008

Spanish legislation has recently made provisions for two new fund classes available to retail investors, exchange traded funds and funds of hedge funds, allowing fund supermarkets to offer a comprehensive range of investment funds
. Covering both domestic and international markets as they exercise considerable control over the fortunes of fund managers through their short-lists of recommended funds. Year-on-year growth in assets under management fell from 11.94% in 2005 to 1.31% in 2006. This sharp decline in growth is partly attributed to a growing preference for bank deposits (among conservative investors) triggered largely by the introduction of a new tax regime, and increasing demand for foreign funds (among more sophisticated investors).
More at; Report Examines Developments in the Spanish Fund Supermarket
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Mr Wong
