The Spanish SRI market has grown slightly from €30.8 billion to €33.3 billion. The total assets in the market have decreased as a consequence of the financial crisis, mainly due to the large reduction in the mutual funds sector. The mutual funds industry has decreased from €238.7 billion in 2007 to €162.6 billion in 2009. The SRI assets are over 18% of the total AuM, which means that the penetration of SRI assets has doubled in percentage over the past two years.
Some facts about the Spanish market (as of 31/12/2009)
- SRI Market Size: €14.7 billion for Core SRI, €18.6 billion for Broad (due to strong concentration in only one player)
- SRI Institutional Market Share: 97%
- Influential actors: Social Security Reserve Fund, SpainSIF
- Leading Strategies: Norms- and values-based exclusions, Best-in-Class, simple screening, engagement
- Legal Milestone:
- SIF (yes/no): yes, SpainSIF (2008)
For more information on SRI in Spain please visit: www.spainsif.es
Download the Spanish section of Eurosif's European SRI Study 2010.
