Primonial posts €1.64bn net inflows for H1 2016
French group Primonial has reported net inflows of €1.64bn for the first half of 2016.
As of 30 June 2016, the group managed or advised €13.1bn in assets .
Primonial has drawn €1.52bn in gross inflows from retail clients during the first half of 2016, up 40% yoy while gross inflows of institutional investors have accounted for €334m against €316m in June 2015.
The Primonial’s asset management business, Primonial Investment Managers (gathering Stamina AM, Roche-Brune AM and AltaRocca AM), posted inflows of €188m for the first six months of 2016.
Retail inflows have accounted for €110m of which €52m have been into the fixed income fund Alta Rocca Rendement 2022 and institutional inflows for €78m.
Primonial REIM, the group’s real estate arm, has reported inflows of €763m in six months, including €425m in French real estate vehicles SCPIs.
Lastly, Primonial’s structured products activity has drawn €58m for the first half of the year.