We do not get tired of receiving negative news from all the economic sectors that they are affecting to many of the traditional products of saving and investment. Undoubtedly, most harmed there are the investment funds, which are going on, probably, for one of the worst moments from his History.
21 consecutive months in which they accumulate already fallen in the managed patrimonies. 21 months of continuous descents and losses that even, in some cases, as in that of the real estate funds, have led them to presenting red numbers to one year.
And that the economic and financial crisis has taken ahead the confidence of many thifty persons, especially when they are living through situations like that of the funds of Madoff, or the fall of big managing financial companies of funds, it is something that vé for the liquidation of slightly profitable funds that the agents are carrying out.
Yesterday the CNMV communicated that I Save Corporation it is going to proceed to re-melt 16 funds in only 2. For his part, Santander also did the same a few days ago when it joined several of his funds of variable revenue, and equal Consulnor that has proceeded to liquidate his hedge funds fund. This scarce profitability is the clear result of the absence of confidence that earlier it was mentioning; of the retreat of savings of this type of products in moments of economic risk as the current one.
Also, and this is a worrying fact, Inverco also has indicated that more than 400 funds do not reach the minimal patrimony that is demanded to keep on working.
For his part, the real estate funds closed in January with profitability to one year in negative. Namely in the last 12 months the average profitability of this type of investment funds has been-0,11 %, while only in January, the average profitability of the same funds has fallen down in 0,77 %.
Curiously, the two worst real estate funds, up to the date, in the last 12 months, are the managed ones by our two big banks, and let's remember that already, at the end of 2008, both entities placed some of his funds between the worst Spanish investment funds of 2008. Santander Banif Inmobiliario, which has turned out to be affected by the reappraisement that his assets are suffering, has fallen down in this time 3,42 %, and even has done it in 4,21 % only in the latter month. For his part, BBVA Property loses 5,12 % in the last year.
Difficult moments for the investment funds, undoubtedly.
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