Eurizon Capital assets up 16% yoy

Eurizon Capital’s assets under management stood at €266.7bn at the end of December 2015, Intesa Sanpaolo’s asset manager has revealed.

The result marked a 16% increase year-on-year, the group said.

Net inflows for 2015 came in at a total of €33bn, a record level for Eurizon Capital.

Consolidated net income and commission margin also showed healthy activity in the asset manager, standing respectively at €475m – 63% yoy – and €670m – nearly 34% up yoy.

Eurizon Capital attributed the positive results to the performance of flexible products which made up 80% of total net inflows into open-ended funds, with €16bn net sales since the start of the 2015.

The company’s international business also contributed to the positive results, with the Eastern European Hub recording €474m net inflows and Chinese Penghua, in which Intesa Sanpaolo has a share, €25.7bn.

As part of its international business development plans, Eurizon Capital signed a partnership agreement with London based SLJ Macro Partners.

CEO Tommaso Corcos commented: “2015 was a year of excellent results thanks to the trend of inflows, which has enabled us to strengthen our leadership in Italy and become the second asset manager in Europe.

“Growth, innovation and sustainability are the most important elements of the future development strategy of the company, which we are now pursuing.”


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