Banca Generali posts €1.4bn inflows ytd

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Italy’s Banca Generali has posted net inflows of €1.4bn during the first four months of 2015 , up 42% compared with the same period of the previous year.

Net inflows for the period was entirely driven by managed products (€1.463bn +59%) also due to the historical lows of government bond returns and the ensuing investors’ search for active investment management. Against this background, demand for specialised financial advice sharply increased, as shown by Banca Generali’s growing numbers.

Among the most notable products, BG Stile Libero was particularly successful. This multi-line policy combines segregated accounts with an investment universe of 800 funds and Sicavs, and
provides wide-ranging services and insurance cover.

Net inflows from this product totalled €947m for the first four months of 2015, up 178%, thus confirming the its quality and financial planning effectiveness in light of the extensive diversification potential (underlying funds and Sicavs account for about 86% of the policy’s assets).

The contribution of the insurance component was stable, with life new business offsetting insurance maturities, with a view to maintaining customers’ returns also in the ongoing context of
low interest rates.

The bank also focused on selecting efficient and versatile multi-manager solutions. Net inflows from these products amounted to €399m, increasing nearly fourfold compared to the same period of the previous year.

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