Italy’s AM industry posts strong end of 2012 inflows, says Assogestioni

The Italian asset management industry ended 2012 with strong inflows data, according to industry group Assogestioni.

In November, Italy’s asset management industry posted €852m inflows, reaching overall assets under management of €1196bn.

This represents an overall record for the industry, with the previous peak of €1192bn reached in 2007.

Asset under management are divided between portfolio management (56%) and collective management (44%).

Foreign domiciled funds had the strongest performance, with €1.46bn inflows. Domestic funds posted €51m inflows.

Bond funds posted €2.7bn inflows, with more than €21bn attracted by the asset class since the beginning of the year.

November was also positive for flexible funds, with €623m inflows.

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