Spanish DC positive for the first time since 2007


SPAIN - Spanish defined contribution plans posted positive annual results for the first time since 2007, data from the Asociación de Instituciones de Inversión Colectiva y Fondos de Pensiones (Inverco) revealed.

According to the trade body, the rolling weighted average profitability of these funds is 0.43% for the 12 months ended August 31. Inverco's statistics are based on data from 1,090 Spanish DC pl...

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