IBEX 35
IBEX · EUR
Iberian banks, global retail and renewables.
Spain offers high-quality global champions in retail (Inditex), banking (Santander, BBVA) and infrastructure, plus a leading position in renewables (Iberdrola). Strong LatAm exposure differentiates it from other EU markets.
Sector breakdown
What drives the index
Financials
30%Santander & BBVA — global emerging-market banks.
Utilities
22%Iberdrola — global renewables leader.
Consumer
18%Inditex (Zara) — fast-fashion juggernaut.
Telecom
10%Telefónica — Spanish-speaking world telecom.
Industrials
20%Ferrovial, ACS — global infrastructure.
Top companies
The franchises that matter
Inditex
Owner of Zara — fastest fashion supply chain on Earth.
Iberdrola
World leader in wind & renewables.
Santander
Massive LatAm + European retail bank.
BBVA
Mexico-heavy bank with digital leadership.
Ferrovial
Toll roads & airports worldwide.
Latest News
A new Zara design goes from sketch to store in ~15 days.
Iberdrola operates more wind capacity than any other utility globally.
Spain produces ~45% of the world's olive oil.
- Global retail champion
- Renewables leadership
- LatAm exposure
- Tourism cyclicality
- LatAm currency volatility
- EU banking regulation
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