Italy’s asset managers post €530m net inflows in September, Assogestioni
The Italian asset management industry attracted €530m net inflows in September and it currently has €990bn assets under management, according to the latest data published today by industry association Assogestioni.
Asset managers in Italy attracted positive inflows for the second month in a row. Collective funds posted €1.4bn inflows. Inflows were €1.4bn for foreign funds and €8m for domestic funds.
Meanwhile, portfolios under management posted €1.1bn outflows.
Among the first 10 players in the market UBI Banca posted the best performance. The Italian asset manager attractacted €267.9m net assets to its funds and portfolios.