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- Non-resident investors remain the main owners of Spanish listed shares, at 40.1% of the market value
- Households are again the second most relevant share owners, at 26.1%
- Retail investors and non-residents own listed shares worth over €150 billion and €240 billion, respectively
At the end of 2013 a fourth of the shares listed on the Spanish stock exchange were owned by Spanish households, according to the latest Report on share ownership structure in Spain, which the Research Department of BME publishes every year. The percentage of the ownership of listed shares in Spain represents over €150 billion.
Households are again the second most relevant share owners, at 26.1%, exceeding by 6 points the figure for 2007, at the start of the crisis. It is also the highest percentage in the last 11 years and more than doubles the percentage across the European Union. The data show the appeal among households of listed shares as savings instruments, again beating investment funds, which for almost 20 years, until 2011, had been a more popular investment asset in Spain.
The rise seen in 2012 and 2013, of 5%, highlights the upward trend in share ownership by households, initiated in 2008. These figures reflect the gradually increasing confidence of households in decisions on savings.
Non-resident investors are still the main owners of shares in listed Spanish companies, at 40.1% of their market value, almost one point higher than a year earlier and 3.3 points up from 2007. Their participation is 3 points higher than the EU average.
The increase in the participation of Public Administrations, to 2.3%, and the diminished presence of Banks and Savings Banks in which the Government has no presence – at a 5.1% low - again reflect the impact of factors associated with the crisis and the restructuring of the Spanish financial system.
Non-financial firms are the third most relevant group, at 19% of the market value, the lowest since the year 2000.
With data for the year 2013, it is likely that the participation of retail investors in the Spanish Stock Exchange will continue being much higher than the European average. According to the latest report from the European Commission on share ownership in Europe, based on data for 2012, the participation of European households in listed shares represented 11% of the total market value. Thus, the percentage for Spain (26.1%) is 2.4 times as high as the European.
The complete report, available only in Spanish, can be found at:
http://www.bolsasymercados.es/aspx/RevOnLine/Documento.aspx?id=5063
