Skint Almeria residents shun investment funds

MOST recent data shows that Almeria residents are not particularly interested in collective investment funds, and contribute the least to these sorts of schemes in the whole of Spain. 

Even though the amount of money allocated for investment funds by private citizens has amounted to €700 million, this figure is only 5.8 per cent of the total Gross Domesetic Product (PIB in Spanish), the lowest percentage in the whole of Spain, and far below the national average, which reached 18.4 per cent. 

The percentage of the total population who invests in these kinds of funds is also low, as the 32,030 Almeria residents who participated in such investment pools represent only 4.6 per cent of the total 701,688 inhabitants. 

In Spain, the total amounted to 14 per cent during 2014. 

This data was released by the Inverco Observatory, created by the Collective Investments and Pension Funds Institutions Association (Inverco). 

Experts at Inverco have pointed out that the main reason they see for this lack of interest in investment funds is the comparatively low income of Almeria families, together with the high rate of unemployment, which makes both investing and saving an almost impossible task.