The Association of Collective Investment Institutions and Pension Funds (INVCO) has presented its Projections for the investment fund market in Spain. According to their estimates, the assets of investment funds are expected to experience a Growth of 8.2% by the year 2025, reaching 431.6 billion euros. This increase is attributed to both capital tickets and the good performance of financial markets.
In the field of international collective investment institutions (IIC) marketed in Spain, such as Blackrock or Agricol Credit, there was a 17% increase in 2024. The volume of assets of these entities is estimated at 310,000 million euros, which, which It represents an increase of 45,000 million compared to the late 2023. On the other hand, investment funds closed the year with a total close to 400,000 million euros.
INVCO provides that the volume of assets of collective investment institutions reach 790,000 million euros at the end of the current year, which would mean an increase of 8.4% compared to 2024.
Perspective of pension funds
As for pension funds, equity is expected to increase 1.6% throughout 2025, reaching 134,000 million euros due to market conditions. On the other hand, it is projected that investment companies (SICAV) grow 4% during the year, reaching approximately 20,000 million euros.
In summary, according to Inverco forecasts, the total collective investment is expected to grow 7.4% in 2025, reaching 924,000 million euros compared to the 860,400 million registered in 2024.
Impact of contribution reductions on pension plans
In a more detailed analysis of pension funds, Inverco has indicated that the plans of the individual system will remain around 92.5 billion euros, while a 5% growth for employment plans is expected, reaching 40.8 billion . However, these categories have been affected by net capital exits, with a decrease of up to 615 million in 2024 in individual plans.
The reductions in the maximum contribution limits have had a significant impact on individual plans, with a decrease of almost 10,000 million euros in capital entries between 2021 and 2024. This situation has especially affected the means of income, making it difficult to long -term savings.
In contrast, employment plans have experienced positive net contributions for the first time since 2011, with a value of 170 million euros in 2024. This growth has been mainly driven by simplified self -employed employment plans and the construction sector.