Italy’s assets under management at €974bn, Assogestioni reports
Italian assets under management have reached €974bn in the first quarter of 2012, with a particularly positive performance of bond funds, according to a report published on May 16 by Assogestioni, the association of Italian asset managers.
Despite an outflow of €3bn, the overall value of assets under management has increased from €937bn at the end of December.
Net inflow has been of €5.2bn for bond funds, with a positive performance for insurance and pension funds, which recorded inflows of €933m and €1.4bn respectively.
During Q1, mutual funds were down €1.2bn. At the end of March, portfolio assets were at €495bn, with an overall inflow of €1,8bn for the quarter.
Gruppo Intesa Sanpaolo is the largest manager with €220bn under management, with its asset management subsidiaries Eurizon Capital and Banca Fideuram on €166bn and €53bn respectively.
Gruppo Generali follows with €142bn, then UniCredit’s Pioneer Investments (€101bn), Gruppo Mediolanum (€41bn) and AM Holding (€36bn).