Ibex35 up only 8.3% to end September, compared to 17% for Euro Stoxx and 20% for Dax
Behind this worse performance is the elevated weight of the banking sector in the Ibex-35, being one of the sectors with the worse performance – the Euro Stoxx Banks has risen 0.76% this year – as well as the country´s political instability, which keeps many investors on the side-lines of our market.