Italy’s asset management industry posted €29.4bn in Q1
Foreign domiciled funds kept attracting more flows than Italy-domiciled funds by posting net inflows of €17.9bn against €6.6bn.
Open-ended funds led the positive flows by posting €24.5bn over the first three months of the year.
Flexible funds scored the best results in this segment by attracting €12.8bn net inflows, while bond funds posted €8.4bn total inflows in Q1 2014.
Balanced and equity funds were also positive, attracting €2.3bn and €2.2bn respectively.
At the end of March, assets in portfolio management reached a total of €759bn, 55% of the whole industry’s AUM.
At the end of Q1 2013, the Italian asset management industry had total AUM of €1,392bn, Assogestioni also revealed.
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