A study reveals that 98% of investors in Spain consider active ETFs essential for their portfolios. This type of financial vehicle has gained popularity due to its cost and liquidity.
According to a study by Schroders, **98%** of Spanish investors believe that **active ETFs** are fundamental in their investment portfolios. These vehicles have ceased to be a niche option and have become a key component for investors in Spain.
Among the advantages they offer, **70%** of respondents highlight their **lower cost** compared to investment funds. Additionally, active ETFs allow for **intraday liquidity**, meaning they can be bought and sold continuously at market prices, making them attractive to investors.
Despite their benefits, investors also identify a significant disadvantage: **taxation**. Only **11%** of respondents consider taxation a positive point, as ETFs are taxed like shares, starting at **19%** up to **€6,000** and reaching up to **30%** from **€300,000** at the time of sale.
Active ETFs are integrated into the investment strategies of Spaniards as flexible tools to access various exposures and complement core positions. Tom Stephens, head of ETFs at Schroders, notes that “the appeal of active ETFs lies in the simplicity of the vehicle and the ease with which they can be integrated.”
Regarding investment areas, Spaniards particularly value active ETFs in **thematic strategies** and in **emerging market** equities, where coverage is limited and market efficiency is lower.
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