Banca Mediolanum posts €226m total net inflows in July

Italy’s Banca Mediolanum has seen positive total net inflows of €226m and €430m net inflows into asset management products in July.

July has been a particularly positive month for Banca Mediolanum’s asset management products, which saw positive inflows of €430m, surpassing a total worth of €3bn year-to-date.

Assets under management posted total net inflows of €352m, compensating the -€128m of assets under administration’s outflows.

Mutual funds saw positive inflows of €373m in June, for a total of € +2,664m year-to-date, Banca Mediolanum’s report also said.

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