Italy’s Azimut posts €157m net inflows in November

Italy’s asset management group Azimut posted €157m net inflows in November, of which more than €145m to its Luxembourg funds AZ Fund 1 and AZ Fund Multi Asset.

Net inflows since the beginning of 2012 reached €1.4bn, Azimut said.

The group has €19.4bn under administration, of which €17.3 under management. Azimut has a network of 1400 financial advisers.

“November inflows confirm the positive trend we set over the last months, with a very high quality of management and an average performance of 7%,” said Pietro Giuliani (pictured), chairman and chief executive.

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