Italy’s AMs posted €60bn in H1

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Total net inflows into mutual funds in Italy have hit some €60bn in the first six months of the year, industry association Assogestioni has revealed.

The amount was evenly distributed between Q1 and Q2, with €31bn flowing into the industry funds in Q2 according to Assogestioni’s data. The positive inflows brought the country’s total AUM to €1,460bn.

In the second quarter of the year, open-ended funds scored the best result with €18.2bn total net inflows, followed by foreign domiciled funds with €9.5bn inflows. Once again, foreign funds overtook Italian domiciled funds, which saw total net inflows of €8.7bn.

Looking at sector breakdown, flexible funds posted 11.1bn, higher inflows compared with both bond (€4.7bn), balanced (€2.6bn) and equity funds (€1.6bn).

Among the banks and asset management companies, Intesa Sanpaolo Group topped the rank with some €7.6bn total net inflows in Q2, followed by UBI Banca Group with €3.6bn and anima Holding with €2.7bn.

 

Madrid

The Fund Selector Roundtable Spain takes place on 16 September 2014 at the ME Madrid Reina Victoria.

Click here for further details and to register: http://events.investmenteurope.net/spain

To connect with peers before the event visit: https://www.linkedin.com/groups?gid=8113576

 

 

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