AUM of Spanish funds down 3.75%

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SPAIN - Assets under management of Spanish pension funds suffered a 3.75% year-on-year decline due to market performance and reduced members' contribution, data by the Inverco reveal.

This data reflects a decline of €3.1bn (US$4.4bn) from June 2009, which was partially offset during the first half of 2009 by improving market conditions. Inverco said in the first six months of...

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