Izimali zombili ziyindlela ephephile nenenzuzo yokutshala imali nokwenza imali enenzuzo uma kuqhathaniswa nezinye izinhlobo zotshalo-mali. Ikakhulukazi kuqhathaniswa nokuthenga nokuthengisa amasheya emakethe yamasheya, okuyimisebenzi ethwala ubungozi obukhulu ngenxa yokuvela kwezimakethe zamasheya. Yize bevezwa nezinkinga ezincane ezingasukela kuphothifoliyo yabatshalizimali abancane nabaphakathi. Ngemuva kwakho konke, kungumkhiqizo wezezimali onezibani nezithunzi zawo, cishe cishe yonke onayo okwamanje.
Izimpahla ezihlanganyelwe zotshalo-mali oluhlangene (izimali nezinkampani) ezitholwe ngoFebhuwari ukwanda kwama-euro ayizigidi ezingama-3.478 futhi ibime ezigidini ezingama-463.352, ezimele ukwanda ngo-0,6% uma kuqhathaniswa noJanuwari, ngokusho kwedatha yakamuva enikezwe yi-Association of Collective Investment Institutions and Pension Funds (Inverco). Ezinyangeni ezimbili zokuqala zonyaka, inani lezimpahla lenyuke ngo-1,8%. Lapho inani lama-akhawunti ababambiqhaza limi ku-14.836.455, okusho ukwehliswa kuka-0,4% uma kuqhathaniswa noDisemba 2018.
UFebhuwari uqhubekile nomkhuba omuhle kaJanuwari futhi kube nokubuyekezwa ezimakethe zezimali, ezivumele izimali zikazwelonke zokutshala imali ukuthi zibhalise ukuqala okuhle konyaka ngenzuzo yochungechunge lomlando. Ngakho-ke, ivolumu yezimpahla yabhekana nokwanda ngoFebhuwari kwezigidi ezingama-2.373 zama-euro (0,8% ngaphezulu kwenyanga edlule), futhi yama kuma-euro ayizigidi ezingama-264.491.
Izimali zokutshala imali: ukukhula
Ukukhula komthamo wezimpahla kungenxa yokusebenza okuhle kwezimakethe esikhathini, kusizwe ngokuziphatha kokugeleza, okwathi ngemuva kwezinyanga ezimbalwa zokukhokha kubuyisa umkhuba wezinyanga ezedlule, okukhombisa umphumela omuhle kuma-euro ayizigidi ezingama-49 Okubhaliselwe okuphelele ngenyanga. NgoFebhuwari, zonke izigaba zithole ukwanda kokulingana ngobukhulu obukhulu noma obuncane, ngaphandle kwezimali zikazwelonke nezimbuyiselo eziphelele, okusindiswe ngenhlawulo ebhaliswe ezigabeni zabo, ngoba ukusebenza kwabo ngezimbuyiselo bekukuhle.
Babehola i- ukukhula kwevolumu imali engenayo engaguquki nezimali zemali, ngokunyuka kwama-euro ayizigidi ezingama-843. Imali engenayo engaguquki ilawula ukunxephezela ukuwa okubhaliswe ngoJanuwari futhi iqoqa ezinyangeni ezimbili zokuqala zonyaka ukukhula kokulingana kwama-euro ayizigidi ezingama-512. Ngakolunye uhlangothi, ezemali zibhalise ukukhula cishe kwama-euro ayizigidi ezingama-930 ngo-2019. Ukuvela kokulingana kwezimali ezihlanganisiwe nakho kwaba kuhle kuleso sikhathi. Ngakho-ke, izimali ezihlanganisiwe zikhule ngama-euro ayizigidi ezingama-263 kanye nemali engenayo engaxutshiwe yenza kanjalo ngama-euro ayizigidi ezingama-269. Kuwo wonke unyaka bathola ukukhula kwama-euro ayizigidi eziyi-1.526.
Isimo sezimali zomhlaba wonke
Izimali zomhlaba wonke zasebenza kahle ngoFebhuwari futhi zandisa izimpahla zazo ngama-euro ayizigidi ezingama-525. Ngonyaka wonke, ngamagama aphelele, ngesinye sezigaba lokho ukwanda okukhulu kunqwabelana, nge-1.663 million euros ngaphezu kukaDisemba 2018. Badlulwa kuphela yimali yezimali zamazwe omhlaba, ngokukhula komthamo wezimpahla ezinyangeni ezimbili zokuqala zonyaka cishe wama-euro ayizigidi ezingama-2.089.
Ngokuphambene nalokho, izimali zokubuyisa ngokuphelele izimpahla zabo zehliswe esikhathini (ama-euro ayizigidi ezingama-509 ngaphansi) kwathi ngo-2019 basebevele beqoqele ukwehla kwama-euro ayizigidi ezingama-591. Kanye nezimali zikazwelonke, ezibhalise ukwehla okuncane kokulingana ngoFebhuwari kwama-euro ayizigidi eziyi-14, yize ezinyangeni ezimbili zokuqala zonyaka kuthole ukukhula komthamo wezimpahla ezingama-274 million euros (4,4% ngaphezu kukaDisemba 2018) ).
Okubhaliselwe nokubuyiselwa kwemali
Ukulandela amandla kaJanuwari, abatshalizimali bahlehlise ukuthambekela kwezinyanga ezedlule ngokuya, mhlawumbe okuthonywe kahle yizwi elihle lezimakethe ezinyangeni ezimbili zokuqala zonyaka. Ngakho-ke, izimali zokutshala imali zivala uFebhuwari nge okubhaliselwe okuhle kwenetha zama-euro ayizigidi eziyi-49.
Isimo besivele siqinisekisile inyanga edlule yokwanda kokuphikisana nobungozi kumhlanganyeli kazwelonke, ngemuva kwe- ukungazinzi okuphezulu ngenyanga yokugcina ka-2018, ibuye yabonakala ngoFebhuwari, ikhiqiza ukugeleza okuhle ezigabeni ezilondoloza kakhulu. Ngakho-ke, izimali ezinokubhaliselwe okuphelele kakhulu ngenyanga bekuyizimali ezinama-euro ayizigidi ezingama-842. Futhi bahola ukungena okuphelele ku-2019 ngama-euro ayizigidi ezingama-925.
Khuphula imali eqinisekisiwe
Izimali eziqinisekisiwe ziyalandela ngama-euro ayizigidi ezingama-253 wokugeleza kwenetha ukungena ngoFebhuwari. Izimali zokuphatha ezingahambisani nalutho ziphinde zaba nokuthenga okuhle ngoFebhuwari (ama-euro ayizigidi ezingama-134) futhi zaqongelela cishe ama-euro ayizigidi ezingama-327 zokungena okuphelele ngonyaka. Izimali ezixutshiwe zenyuse kancane umthamo wazo wezimpahla ngama-euro ayizigidi ezingama-7,5. Imali engenayo engaguquki yamazwe kuphela ebhalise ukungena okuphelele esikhathini (ama-euro ayizigidi ezingama-274), okwazile ukuqeda ukuphuma okuphelele kwezimali ezihlanganisiwe kanye nemali engenayo engaguquki ye-Euro. Ngonyaka wonke, baqoqa ukubuyiselwa kwemali okuphelele okubalelwa kuma-euro ayizigidi ezingama-306.
Ngakolunye uhlangothi, izimali ze-euro equity (ngaphandle kweSpain) kanye labo abanembuyiselo ephelele baholele ukuphuma okuphelele kwenyanga, nge-572 kanye ne-302 million euro, ngokulandelana. Le mikhakha futhi yileyo enezimali ezikhokhelwa kakhulu ezinyangeni ezimbili zokuqala zonyaka ngama-euro ayizigidi ezingama-487 kanye nama-523, ngokulandelana.
Ukuzuza kwale mikhiqizo
Phakathi nenyanga kaFebhuwari, izimakethe zamasheya zibe nokuziphatha okuhle futhi zavala inyanga ngokubuyekeza kuqhathaniswa noJanuwari kuzinkomba eziningi zomhlaba. I-Ibex 35 ibhalisa ukubuyiswa okungu-2,4% ngenyanga, uma kuqhathaniswa no-4,4% we-Eurostoxx noma cishe u-3% we-S & P 500. Ezimakethe zezimali ezingaguquki, i-IRR Isibopho seminyaka eyishumi saseJalimane sehle kancane yehle ngo-0,16% isuka ku-0,18% ngoJanuwari, kanye nesivuno esibhondweni seminyaka eyishumi saseSpain esiwele ku-10% sisuka ku-1,26% ngoJanuwari.
La i-premium yengozi eSpain ivaliwe kuma-bps ayi-100 (ama-105 bps ngoJanuwari). Izinga lokushintshaniswa le-euro uma liqhathaniswa nedola livalwe ngo-1,14, okusho ukwehla ngo-0,6% kwe-euro uma kuqhathaniswa nosuku lokugcina lukaJanuwari. Kulesi simo, izimali ezihlanganyelwe zibhalise ukubuya okuhle kuka-2019% ngoFebhuwari 0,91, ngakho-ke imbuyiselo enqwabelene yonyaka imi ku-3,26%, okuyisiqalo esihle kakhulu sonyaka kuze kube nguFebhuwari wochungechunge lomlando. Cishe yonke imikhakha ivale inyanga kahle, ikakhulukazi leyo enokuchayeka okukhulu kumasheya. Ngakho-ke, izimali e-United States zibhalise inzuzo ephezulu kakhulu ngenyanga (3,4%) futhi zaqongelela ukuvuselelwa okungaphezulu kuka-11% ngonyaka.
I-akhawunti yomhlanganyeli
Mayelana naleli pharamitha, ukuthola ukubaluleka kwale mikhiqizo yezezimali eyamukelwa ngabatshalizimali abaningi abancane nabaphakathi, kubaluleke kakhulu ukuyigqamisa ngalesi sikhathi. Ngoba impela, inani le- ama-akhawunti wabanini bamasheya Ezimalini zikazwelonke zokutshala imali, lenyuke kancane ngoFebhuwari (ababambiqhaza abayi-8.588 ngaphezulu kunangenyanga eyedlule), labeka isibalo salo kubahlanganyeli abangu-11.164.033.
Lapho imininingwane efaneleke kakhulu enganikezwanga lolu cwaningo ngokuziphatha kwabatshalizimali ezimali ezihlanganyelwe yilokho ukukhula kwabo okuqhubekayo. Akumangalisi ukuthi izimali zikazwelonke zokutshala imali zibhalisa ukuqala okuhle konyaka ochungechungeni lomlando, nembuyiselo eqoqekile engu-3,3% ezinyangeni ezimbili zokuqala. Ngemuva kokwehla okukhulu kwenzuzo, okuqondane nezinyanga ezimbili ezedlule zanyakenye. Lapho babhalisa khona ukulahleka okukhulu kwinzuzo yabo, okuthinta zonke izinhlobo zezimali zokutshala imali.
Ukuhlolwa eYurophu
Ngokwe-data evela ku-EFAMA, ivolumu yezimpahla ze-European Collective Investment Institutions yayimi ku-15,16 trillion euros ngoDisemba 2018, emele ukwehliswa kwama-5,5% kwikota yokugcina yonyaka (16,03 billion euro ngoSepthemba 2018). Ngo-2018, Ukulingana kwehle ngo-3,0% kusuka ku-15,62 billion euros ngoDisemba 2017. I-Ireland kwakuwukuphela kwezwe lapho inani lezimpahla lenyuka phakathi nonyaka (1,1%). Ngenkathi kuse-United Kingdom naseDenmark ukuncipha okukhulu komnotho kwabhaliswa ngo-2018, ngokuwa okungaphezu kuka-9%, ngaphezu kwenani laseYurophu (-3,0%).
Ngohlobo lwempahla, ama-27% wezimpahla zaseYurophu eziphelele zigxilwe kwizimali, kulandelwa imali engenayo engaguquki futhi exubekile, ne-23% ne-21%, ngokulandelana. Ukwabiwa kwezimpahla ngesigaba sokutshala imali eYurophu kwehluke kakhulu phakathi kwamazwe ahlukene. Ngakho-ke, ngokwesibonelo, ngenkathi utshalomali e-United Kingdom noma eSweden kuma-akhawunti luba cishe i-50% yengqikithi, e-Italy ayifinyeleli ku-7%.
Ngokwe-data evela ku-EFAMA, ivolumu yezimpahla ze-European Collective Investment Institutions yayimi ku-15,16 trillion euros ngoDisemba 2018, emele ukwehliswa kwama-5,5% kwikota yokugcina yonyaka (16,03 billion euro ngoSepthemba 2018). Ngo-2018, Ukulingana kwehle ngo-3,0% kusuka ku-15,62 billion euros ngoDisemba 2017. I-Ireland kwakuwukuphela kwezwe lapho inani lezimpahla lenyuka phakathi nonyaka (1,1%).