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Bankinter now holding over €10 billion of assets in investment funds.

The Bank has attracted over €2,676 million in the last twelve months, an increase of 36.5%.

Bankinter closed the first six months of the year with assets of €10,017 million in investment funds, a rise of 23.1% since January. This growth is equivalent to 36.5% if the past twelve months are taken as the reference period, during which time the Bank has taken in over €2,676 million. These figures, the highest in the past seven years, show Bankinter to be one of the top ten financial institutions in terms of assets in investment funds.

"This growth is due to many factors, notably the Bank's strong commitment to the private banking sector, whose clients see investment funds as a flexible product with attractive tax treatment. We can add to this
a scenario of low interest rates that is leading clients to seek more profitable investment alternatives,” says Miguel Artola, head of Bankinter Asset Management, who sees investment funds continuing to be one of the products most sought after by clients for the remainder of the year. The Bank therefore expects to close 2014 with an increase of more than 20% in the volume of assets under management compared with 2013, which was one of the most outstanding years in recent times as regards both new business and profitability.

By type of funds, we should highlight the growth in both long-term and short-term fixed income funds, which rose by 156.9% and 99.3% respectively. The assets for these two categories together rose by €743 million between January and July. In addition, the increased appetite for risk among investors is leading to the transfer of assets from guaranteed funds and money-market funds into mixed and equity funds, which in the case of Bankinter Asset Management amount to more than €450 million in 2014.

We should also note the positive growth in assets and the number of funds from international managers. At the end of July, Bankinter, which is clearly committed to guided architecture as the distinguishing feature of its value proposition, was managing over 800 third-party funds with a value of €3,046 million, 42% more than at the beginning of the year.

Bankinter Asset Management recently received the Expansión-Allfunds award for the best national fund manager for its excellent management of investment and pension funds in 2013.

Summary of growth by category (in millions of euros):

Category Balance 31/12/13 Balance 31/07/14 Growth % Growth
Other fund managers 2.142 3.046 904 42,20%
Fixed Income, short-term 290 745 455 156,90%
Equities 821 1.140 319 38,86%
Fixed Income, long-term 290 578 288 99,31%
Mixed funds 185 316 131 70,81%
Target return 6 20 14 233,33%
Alternative management 34 33 -1 -2,94%
Guaranteed 1.559 1.507 -52 -3,34%
Money market 2.811 2.632 -179 -6,37%