Azimut posts over €1bn inflows in April
Italy’s independent asset manager Azimut Holding recorded net inflows in excess of €1bn in April 2015, thereby reaching total net inflows since the beginning of the year of ca. € 2.3 billion.
The net inflows figures of this month have benefited from the consolidation of the assets of Azimut Bosphorus (Turkey) following the approval by local authorities. Net of the impact of this JV, the Group still reached net inflows in the region of € 643 million in April.
Total assets under management stood at € 29.9 billion, and including assets under administration reached € 34.3 billion
Pietro Giuliani (pictured) Azimut’s Chairman and CEO, commented “April has been one of the best months in terms of net inflows in the Group’s history. It’s a very important result, both in terms of quality and quantity, realized through the contribution of all four lines of business (Network, Wealth Management, Institutionals and foreign business) on which the Group is focusing on.
Other than the foreign acquisition, what is important to highlight is the quality of our asset management team and the intense activities carried out by our financial partners, who are able to satisfy our client’s performance needs in an environment with interest rates approaching the zero level. With the strength of the results obtained in these first four months and the drive from new products that will be launched soon, we are confident that this positive trend can continue.”