Banca Generali posts €522m net inflows in November
Banca Generali saw total net inflows of €522m in November, €40m of which went into mutual funds and €112m in the life insurance products.
€331m of total inflows came from Banca Generali’s Financial Planner network (€2,375m YTD) and €191m gathered by Banca Generali Private Banking (€1,578m YTD).
Managed investment solutions scored €471m net inflows in November and €3.4bn YTD.
“Geopolitical destabilisation and currency volatility drew attention towards insurance investment solutions, particularly BG Stile Libero.
“This state-of-the-art multi-line policy is highly appreciated thanks to its flexible and diversified underlying investments, its insurance segregated accounts and wide insurance coverage (YTD net inflows at €2,082m).
“The ongoing decrease in interest rates and the rising market uncertainties are leading Italian households to increasingly rely on the expertise and solidity of our innovative and versatile bank,” the bank commented.