Assogestioni: Italy’s AM industry registers highest inflows in 14 years

The Italian asset management industry ended May with strong inflows, according to industry group Assogestioni.

Italy’s asset management industry posted €8.7bn inflows, reaching overall assets under management of €1,264bn.

This represents an overall record for the industry, with the previous peak of €11bn reached in 1999.

Asset under management are divided between portfolio management (55%) and collective management (45%).

Foreign domiciled funds had a strong performance, with €6.4bn inflows. Domestic funds posted €2.5bn inflows.

Bond funds posted €5.7bn inflows, with more than €14bn invested in the asset class since the beginning of the year.

May was also positive for flexible funds, with €3.6bn inflows. Savers’ interest returned to focus on monetary funds, which managed to attract €329m.

 

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