Etica SGR boosted profits in 2013
Italy’s Etica SGR, the asset management arm of Banca Etica, has ended 2013 with net profits of €664,000, 170% up from 2012.
Etica SGR, which only invests in SRI businesses, posted gross profits of €1.2m, 178% up from 2012.
The asset manager’s SRI funds posted total net inflows of €237m in 2013, while total AUM rose to €783m, 55% up from 2012.
Ugo Biggeri (pictured), Etica SGR’s president, commented: “We ended 2013 with brilliant results and saw the fulfillment of our three-year strategic plan, which aimed at boosting inflows and increasing our AUM.”
Check out InvestmentEurope‘s feature on SRI in Italy.
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