Spain Equity

Spain equity mutual funds and ETFs own securities listed on the Madrid... Spain equity mutual funds and ETFs own securities listed on the Madrid Stock Exchange. The most well-known benchmark is the ES35, which is a market-capitalization-weighted index of the largest 35 stocks on the exchange. The exchange has large weightings in utilities, financials, and consumer discretionary. Some of the largest companies on the market include Iberdrola, Banco Santander, Banco Bilbao, and Repsol. Spain equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Euro. The Spanish economy, the world’s 16th largest by nominal Gross Domestic Product as of 2022, is characterized by deep integration with other European economies, a heavy reliance on tourism, and declining participation in trade unions. Machinery, motor vehicles, and foodstuffs are key exports. At 22.5% of GDP as of 2022, investment is slightly below its average going back to 1980. As a developed market economy, Spain equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 11/04/2024 View more View less

Spain equity mutual funds and ETFs own securities listed on the Madrid Stock Exchange. The most well-known benchmark is the ES35, which is a market-capitalization-weighted index of the largest 35 stocks on the... Spain equity mutual funds and ETFs own securities listed on the Madrid Stock Exchange. The most well-known benchmark is the ES35, which is a market-capitalization-weighted index of the largest 35 stocks on the exchange. The exchange has large weightings in utilities, financials, and consumer discretionary. Some of the largest companies on the market include Iberdrola, Banco Santander, Banco Bilbao, and Repsol. Spain equity mutual funds and ETFs may be passively or actively managed. They may also leave currency exposure unhedged, or choose to protect the portfolio from swings in the value of the Euro. The Spanish economy, the world’s 16th largest by nominal Gross Domestic Product as of 2022, is characterized by deep integration with other European economies, a heavy reliance on tourism, and declining participation in trade unions. Machinery, motor vehicles, and foodstuffs are key exports. At 22.5% of GDP as of 2022, investment is slightly below its average going back to 1980. As a developed market economy, Spain equity mutual funds and ETFs are often purchased by conservative-minded investors. Last Updated: 11/04/2024 View more View less