Italy’s AM industry posts €3.6bn net inflows in October
Open-ended funds and portfolio management brought total net inflows since the beginning of 2013 to €60bn, best result since 2005, industry association Assogestioni reported.
Total industry’s AUM reached €1,321bn for the first time in history, Assogestioni also highlighted.
The positive result of open-ended funds (+€1.6bn) marks the positive trends of flexible products, which saw inflows of +€1.8bn.
Stock funds also saw positive inflows of €980m, while balanced funds registered €542m positive net inflows.
Foreign domiciled funds kept their positive trends, with some €1.4bn positive inflows; while domestic domiciled funds managed to sell only products for total worth of €251m.
Finally, portfolio management attracted €2.1bn inflows, €1.7bn of which went in institutional portfolios. Retail management posted €410m instead.