Italy’s AM industry posts €4.8bn in November
The positive result has brought total net inflows to €65.5bn from the beginning of the year, industry association Assogestioni revealed.
November’s €4.8bn total net inflows marked the eleventh positive month for the Italian industry, Assogestioni said.
Thanks to the exceptionally positive year, the industry’s total AUM was of €1,333bn at the end of November. The result compensated the outflows of €52.6bn that the industry has suffered in 2011 and 2012.
Flexible, foreign domiciled and Italian domiciled funds were the best performers among asset management products, with total net inflows of €2.9bn, €3.1bn and €1.1bn respectively.
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