Assogestioni: Italy’s AM industry posts positive inflows for sixth month consecutively

The Italian asset management industry ended June with net inflows of €2.5bn, marking the sixth month in a row of positive inflows, according to industry group Assogestioni.

However, Italy’s asset management industry’s AUM has gone down to €1,242bn, compared to €1,264bn in June.

Collective management led inflows in June, with a result of above €2.5bn, almost €31bn since the beginning of 2013, and a total worth of above €559bn, 45% of total AUM.

Foreign domiciled funds attracted almost the total inflows for collective management, with €2.5bn inflows in June, above €24bn since the beginning of the year. Domestic funds posted €300m inflows in June, €6.7bn since the beginning of 2013.

Bond funds have posted negative inflows of €722m, while flexible funds have performed well with positive net inflows of €2.2bn.
Monetary funds and balanced funds also managed to attract positive inflows of €1.9bn and €1bn respectively.

Retail management posted net inflows of €76m, not enough to compensate the negative result of €300m registered by institutional management.
Finally, AUM invested in portfolio management are worth €682bn, 55% of total industry’s AUM.

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