Azimut sees €228m net inflows in November
Italy’s independent asset management company Azimut has posted total net inflows of some €3bn since the beginning of 2013.
More than €190m of November’s inflows went into Azimut’s Luxembourg and multi-asset funds, the firm revealed.
Total assets under administration were above €23.5bn, €21bn of which were in managed assets, +20.6% since the beginning of 2013.
Chairman and CEO Pietro Giuliani said: “The positive results obtained so far enable us to expect to end 2013 with profits between €130-160m.”