“Funds, insurance companies, and pension plans account for barely 6% of the shareholding of Spanish listed companies”
Manuel Enrich, chairman of AERI (Spanish Association for Investor Relations), maintains that “the Spanish stock market has only been at all-time highs for a few months; I believe it remains undervalued.” Are we facing a solid cycle for the Spanish stock market? The Spanish stock market is highly correlated with the major international indices, which is simultaneously a strength and a vulnerability. Based on valuations, the cycle strikes me as…
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