Azimut’s inflows up 19% yoy
Italy’s independent asset manager Azimut saw its net inflows soar another 19% in December 2015 compared with the same period in 2014.
Net inflows ended up at €6.7bn at the end of 2015, €597m were registered in December only.
The group’s total assets reached €36.7bn(+22% year on year), €31.2bn of which are assets under management.
According to Azimut, monthly inflows benefited from the consolidation of Harvest Wealth, the sixth Australian advisory company entering the AZ NGA perimeter.
Net of the impact of this latest joint venture, the group still recorded net inflows in the region of €490m in December.
Pietro Giuliani (pictured), Azimut’s Chairman and CEO, said: “In 2015 we have strengthened our position both in Italy and abroad, where today we can count more than 20,000 clients and we continue to have important growth plans for the future.
“Thanks to these achievements we have laid strong foundations that will help us reach our five year business plan targeting €50bn total assets by 2019.”