Banca Mediolanum sees record inflows in July
Italy’s Banca Mediolanum, the retail bank of the Mediolanum Group, posted total net inflows of €483m in July, for a total of € +2.3bn ytd.
The mutual fund segment proved particularly positive, attracting record net inflows of €577m for the month.
Corresponding data calculated according to the Assogestioni methodology (for the category “Fondi Aperti” – “Mutual Funds”): € +444 mn for July, and € +2.5bn since the beginning of the year.
In the picture: Massimo Doris, CEO of Banca Mediolanum