During the last 10 years (1997-2006), the average return of the mutual funds in Spain (2.7%) was smaller than the average inflation (2.9%). Nevertheless, on December 31, 2006, 8,819,809 investors in the 2,779 existing mutual funds had 254 billion euros. 246 new mutual funds were launched during...

2006 was a good year for the shareholders of the companies in the Euro Stoxx 50. The shareholder value creation of these 50 companies was 246.1 billion. The companies that created more value for their shareholders were Santander ( 16.2 billion), Endesa ( 15.8 billion), Suez ( 15.6 billion) and...

We compute the Shareholder Value Creation of Endesa, Iberdrola and Union Fenosa between 1991 and 2006. The shareholder value creation during this period was: Endesa 29.9 billion euros; Iberdrola 23.9; and Union Fenosa 9.6.The average shareholder return was: Endesa 18.5%; Iberdrola 19.1% and Union...

We compute the Shareholder Value Creation of Santander, BBVA, Popular and Bankinter between 1991 and 2006. The shareholder value creation during this period was: Santander 20.7 billion euros; BBVA 25.4; Popular 13.4 and Bankinter 3.9.The average shareholder return was: Santander 18.7%; BBVA...

We compute the shareholder value creation of the 123 companies that traded in the Spanish market during 2006. Santander was the top shareholder value creator, followed by Endesa, Telefonica, Arcelor, BBVA and Iberdrola. EADS was the top shareholder value destroyer. We also compute the...

We compute the Shareholder Value Creation of Iberdrola. The market cap of Iberdrola increased between December 1991 and December 2006 in 26.3 billion euros. The shareholder value creation during this period was 23.9 billion euros. The average shareholder return of Iberdrola in this 15 years was...

We compute the Shareholder Value Creation of Bankinter. The market cap of Bankinter increased between December 1991 and December 2005 in 3.9 billion euros. The shareholder value creation during this period was also 3.9 billion euros. The average shareholder return of Bankinter in this 15 years...

We compute the Shareholder Value Creation of Repsol. The market cap of Repsol increased between December 1991 and December 2005 in 27.5 billion euros. The shareholder value creation during this period was 7.4 billion euros. The average shareholder return of Repsol in this 15 years was 14.1%,...

The market cap of Telefonica increased between December 1991 and December 2006 in 72.5 billion euros. The shareholder value creation during this period was 28.2 billion euros. The average shareholder return of Telefonica in this 15 years was 17.7%, higher than that of the IBEX 35 (15.4%). We...

We compute the shareholder value creation of the companies in the IBEX 35 for the 15-year period 1992-2006. The average return was 15.4%, but 5.2% was due to the decline in interest rates (from 12.5% to 4%). The shareholder value creation was 196 billion euros. As usual, smaller companies were...