Italy’s Azimut posts €1.5bn record net inflows in first half of 2013

Italy’s asset manager Azimut has posted €136m net inflows in June, €40m of which come from Luxembourg funds AZ Fund 1 and AZ Fund Multi Asset, the firm has said.

The group currently has €21.2bn assets under administration, of which €19bn under management.

“In only six months we have managed to hit the target we had for 2013 and we have attracted 95% of 2012 inflows,” said Pietro Giuliani (pictured), chairman and chief executive of the group.

 

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