In the spectrum of the algebra of symmetric analytic functions of bounded type on ℓp, 1 ≤ p < +∞, and along the same lines as the general non-symmetric case, we define and study a convolution operation and give a formula for the ‘radius’ function. It is also proved that the algebra of analytic functions of bounded type on ℓ1 is isometrically isomorphic to an algebra of symmetric analytic functions on a polydisc of ℓ1. We also consider the existence of algebraic projections between algebras of symmetric polynomials and the corresponding subspace of subsymmetric polynomials.