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Instituciones de inversión colectiva en españa desde una perspectiva histórica

Fernando Carnero Lorenzo

No 301, Documentos de Trabajo (DT-AEHE) from Asociación Española de Historia Económica

Abstract: The banking sector is the more important segment of Spanish financial system. Other financial institutions have had little signification, and they have also been controlled for banks. The Spanish financial literature has situated the born of investment trusts in the 1950 decade because of the limited Spanish stock market and the absence of a specific legislation for them. But, there were investment trusts before 1950, and Ahorro y Fortuna, an investment trust created in 1912 in Santa Cruz de Tenerife, was an example of them.

Keywords: Financial system; investment trust; mutual funds (search for similar items in EconPapers)
JEL-codes: F30 G23 N20 Y N24 (search for similar items in EconPapers)
Date: 2003-06
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