Table 1 Spanish investment funds simplified data.

From: The impact of regulation-based constraints on portfolio selection: The Spanish case

Date

Worth (millions euro)

Number of funds

Avg. returns (percentage)

31-Dec-91

23,234

373

12.59

31-Dec-05

245,823

2616

4.75

31-Dec-20

276,497

2701

1.04

  1. Fernandez et al. (2021).