Italy’s AM industry posts €38bn net inflows in H1 – Assogestioni
Italian asset managers have posted total net inflows of €38bn since the beginning of 2013, €2.5bn just in June, Assogestioni reports.
According to industry group Assogestioni’s mid-year report, the Italian AM industry has seen positive net inflows for the sixth month in a row, with collective management posting €2.5bn, almost €31bn since the beginning of 2013, and a total worth of above €559bn, 45% of total AUM.
However, total industry’s AUM has gone down to €1,242bn, compared with €1,264bn at the end of May. According to Assogestioni, this is due to the performance of international markets.
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