Italy’s AM flows positive in Q2 2013 – Assogestioni

Italian asset management industry posted €20.6bn inflows in the second quarter of 2013, according to data released by industry association Assogestioni.

At the end of September, Italy’s asset managers had €1,243bn assets under management, 55% of which in portfolio management and 45% in collective management.

Open funds attracted €19bn inflows during the period, with a good performance of bond and flexible funds. Foreign-domiciled funds attracted €14.4bn inflows during the quarter.

Portolio management accounted for €684bn, while collective management came at €560bn worth.

The positive performance is in line with previous results.

 

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