Banca Generali posts positive results in June
Banca Generali’s total net inflows in June amounted to €354m, €147m of which were gathered by the Banca Generali network (€1,280m YTD) and €207m gathered by Banca Generali Private Banking (€956m YTD).
“Stock market tensions are heightening the need for investment diversification that can be fully met by the bank’s versatile and high-quality range of products. The increase in net inflows of
managed products, which totalled €266m in June, testifies to this trend,” the company said.
In detail, BG Stile Libero continued to meet with great success. The multi-line policy stands out for its combination of capital protection through segregated accounts, diversification through leading International management firms and sound insurance coverage.
BG Stile Libero net inflows in June were €225m (€1,435m YTD). Demand for funds/Sicavs also continued to grow, totalling €64m in June.
The CEO of Banca Generali, Piermario Motta (pictured), commented: “In June, households continued to show great appreciation for the ability of our high-quality solutions and our professional financial
advisors and private bankers to successfully meet their needs.
“The uncertainties and volatility of the past few weeks further heightened investors’ demand for our financial advisors’ diversification and portfolio advisory services. The strong attention from our clients and industry’s high-standing professionals allows us to look with confidence towards the achievement of important objectives.”