Spanish funds AUM up 6.9% in 2009

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SPAIN - Assets under management (AUM) of pension funds falling under the individual system category increased by 6.9% in 2009 to €51.6bn (US$74.8bn) largely due to positive investment returns, data from research company VDOS Stochastics revealed.

Contributions to the plans totaled €513m, while the funds' investments returned €2.8bn. In December, AUM grew by 2.3%. VDOS said: "December's increase was mainly due to €828m in contributions ...

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