Investment funds recorded in October positive net inflows amounting to 913 million euros, which puts cumulative inflows over the first ten months of 2026 at 11.573 billion euros, according to the preliminary figures released by the industry association Inverco.
In terms of assets under management, investment funds added an additional 1.326 billion euros in October, a monthly increase of 0.3%, reaching a total volume of 479.345 billion euros.
This advance is explained by the “slightly positive returns” coming from financial markets, in an environment still dominated by high volatility, together with the inflow flows recorded during the month.
Over the course of the year as a whole, the funds’ assets accumulate an increase of 28.457 billion euros, equivalent to growth of 6.3% compared with the level recorded in the same period of the previous fiscal year.
The inflow flows recorded account for 69% of the increase in the volume of assets, while the remaining 31% is due to the positive returns earned by the investment funds.
Performance by fund categories
By type, international fixed-income funds added 2.992 billion euros of positive net subscriptions up to October, followed by global funds, which accumulated 2.617 billion.
At the same time, international equity funds from the rest of countries, Europe and the United States record positive net inflows of 6.824 billion euros, while mixed funds concentrated 3.642 billion euros in inflows, mainly in markets located outside the euro area.
Return on investment funds
In terms of performance, in October investment funds obtained a positive average return of 0.1%, with favorable developments in all categories except those with greater exposure to emerging markets equity markets (-8.3%), Japanese and domestic (around -3.3%).
In the opposite direction, the funds with greater presence in European stock markets were the ones that achieved the highest returns (+1.7%).
On an annual basis, investment funds show an average gain of 4.3%, with international equity funds from Japan at the top, recording a return of 24%. Next are domestic equity funds, with returns of 14.8%.