The profile of savers in investment funds in Spain is fundamentally defined by prudence, a long-term approach, and trust in professional advice. This is evident from the VIII Study of the Inverco Observatory, presented this Tuesday, which thoroughly analyses the trends, level of knowledge, and behaviour of participants in the national market.
According to the report's data, nearly half of investors (49%) have a moderate risk profile, seeking stable returns with controlled risks, while 37% define themselves as conservative and 14% adopt a more dynamic approach. Furthermore, the analysis by age groups reveals that accumulated wealth grows proportionally with years: more than half of the Baby Boomers (54%) and seven out of ten investors from the Silent Generation (71%) exceed 30,000 euros invested in these vehicles.
Consolidation of the long-term horizon
One of the most notable data points from the study is the consolidation of funds as a tool for long-lasting investment. Two-thirds of participants (66%) have kept their position open for more than three years —which is two percentage points more than in the previous edition— reinforcing the financial maturity of the Spanish saver. This diversification is also reflected in direct contracting, where 64% of investors choose to diversify their capital across more than one fund.
When it comes to making decisions, the personal advisor is indisputably established as the main source of information for 47% of respondents. This human support coexists with a hybrid contracting model: although the in-person channel in bank offices continues to lead operations (37%), mobile applications and websites of management companies now account for 31% of contracts, while specialised online platforms continue to gain ground, reaching 15%. As a note of generational innovation, artificial intelligence tools are emerging strongly and are already positioned as the main source of consultation for the 11% of young people from the Centennial and Millennial generations.
Greater tax awareness and security
The study also confirms a positive evolution in the financial culture of participants. 68% of investors are aware of the advantage of being able to defer tax payments until the moment of final reimbursement —six points more than in 2024—, and 62% know that it is possible to transfer between funds without the need to pay tax at the time.
Moreover, the perception of security and public regulation has notably improved: 72% of savers are aware that funds are under the strict supervision of a public body. All of this translates into a high level of general satisfaction, as 84% of respondents would recommend to their close circle to invest in investment funds, highlighting the main attractions as the returns obtained, diversification, and the regulatory security framework that protects them.
