Azimut posts €307m net inflows in April
Italy’s Azimut posted €307 m net inflows in April, with more than €260m attracted to the Luxemburg funds AZ Fund 1 and AZ Fund Multi Asset.
Since the beginning of the year, inflows were about €1bn.
The firm currently has € 20.9bn assets under administration, with a 7.2% increase since the beginning of the year.
Pietro Giuliani, chairman and chief executive said: “In 4 months we have reached the €1bn mark of assets under administration, an extraordinary result for the Group. This reflects the work of all out advisory networks, Azimut Consulenza, AZ Investimenti, Apogeo Consulting and divisions, Azimut Wealth Management, Azimut Global Advisory and Institutional & Business Partner.