AM products bring €2bn into Italy’s adviser networks

Italy’s networks of advisers posted €2bn into asset management products in May, industry association Assoreti has revealed.

The results showed that flows into asset management products went up by 8.7% compared to April, while those into administered products, e.g. stocks and liquidity, were negative, posting €164m, -€36m compared to the previous month.

Flows into foreign-domiciled collective management were of €786m, while net subscription to OICRs (Italian law Sicavs) were of €240m.

Insurance products posted flows of €745m, slightly lower compared to April (€859m), but above the average of the first five months of the year (€591m).

Overall networks’ activity came at a gross of €6.8bn from asset management products; €8.9bn from intermediaries and €177m from stocks exchanges and other services.

 

Madrid

The Fund Selector Roundtable Spain takes place on 16 September 2014 at the ME Madrid Reina Victoria.

Click here for further details and to register: http://events.investmenteurope.net/spain

To connect with peers before the event visit: https://www.linkedin.com/groups?gid=8113576

 

 

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