Primonial to hit over €3bn inflows in 2015

French asset management group Primonial said total net inflows in 2015 will exceed €3bn.

The company is set to beat its previous record of €2.85bn inflows boarded in 2014.

Primonial has already recorded €2.64bn net new cash from January to September 2015, of which €1,706m come from retail investors and €932m from institutional investors. Net inflows from retail investors are up 41% in comparison with September 2014 (€1,706m versus €1,208m).

Life insurance products still attract strong inflows that stand at €699m as at end September 2015, up 30% yoy.

The group has stressed inflows’ rise pursues in property solutions for retail investors, posting €686m in net new money since the beginning of the year (up 52% yoy).

Stuctured products’ business has accounted for €127.4m of the group’s total inflows boarded during the nine first months of the year and has risen by 52% in comparison with September 2014.

Its private wealth management network, Consultants Primonial Gestion Privée, has recorded €280m in net new money, up 18% yoy. The firm said the distribution of its products towards French IFAs (CGPI) has brought €571m inflows, up 55% yoy.

On the institutional side, Primonial has recorded €248m in new inflows through its multiboutique Primonial Investment Managers (Primonial AM, Roche-Brune AM et AltaRocca AM) and €684m via its real estate branch Primonial REIM.

Primonial has around €9bn of assets under management or advisory as at end 2014.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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