Banca Generali’s inflows up 42% yoy

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Italy’s Banca Generali reported total net inflows of €437m in March, €294m of which came from the Banca Generali’s advisers network and €143m from Banca Generali Private Banking.

Net inflows in asset management products posted positive inflows of €1.1bn YTD and rose by 62% compared to Q1 2014. Among asset management products, BG Stile Libero continued to attract inflows, the company also reported.

“Banca Generali’s financial planning solutions are increasingly successful as they meet the strong demand for asset management products as an alternative to near-zero government bond returns. March thus saw the bank’s best ever result in terms of monthly net inflows from retail investors only, closing a first quarter that showed a 42% increase to €1.142bn compared to Q1 2014,” the bank said.

The bank’s new multi-line policy combines insurance segregated accounts, flexibility to invest in multi-manager funds and different types of insurance coverage.

Net inflows from this policy totalled €686m YTD, accounting for 60% of total net inflows, and rising to nearly €3bn since its launch in late February 2014.

Direct net inflows of funds/Sicavs and portfolio management more than doubled to €337m for the quarter (+161%). In this segment, March saw a remarkable rise in net inflows of BG Selection funds of funds, which offer accurate diversification by area and asset class and rely upon expert active investment management by leading international management firms.


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