Italy’s Azimut breaks €17bn AuM mark
Italy’s asset manager Azimut posted €167m net inflows in August, with €1.1bn inflows since the beginning of the year.
According to the company, best seller funds were AZ Fund Global Currencies & Rates and Bond Target Settembre 2016, which accounted for €65m of inflows and now have €340m and €200m assets under management respectively.
Assets managed by the company stood for the first time above €17bn, and €19.1bn assets under administration.
“The positive results show that the decisions we have taken since the beginning of the year have been effective. We have made changes to our network of financial advisers and developed new products to meet clients’ demand. We overperformed our benchmarks in all investment categories,” said Pietro Giuliani (pictured), chairman and chief executive.