Generali led Italy’s flows in December
Italy’s Generali Group, the country’s biggest asset manager per AUM, led the industry’s positive results significantly in December.
Generali posted €6.4bn net inflows, some €4.5bn more than Intesa Sanpaolo Group, which came second with total net sales of €1.9bn.
The whole industry ended 2015 with the best result in 16 years, industry association Assogestioni has revealed.
Total net fund sales in December came in at €11bn, bringing total net sales for 2015 close to €141bn.
Portfolio management products contributed to the most of total net sales, with net inflows of €7.6bn.
Collective management products contributed with €3.3bn. Among them, open-ended funds were once again the best performers with €2.9bn net inflows.
Flexible funds attracted the majority of sales, with total net inflows reaching €1.6bn. Foreign domiciled funds topped the performance of Italy domiciled funds with €2.5bn against €450m net sales.