Italy’s Azimut reports positive €151m June inflows

Italian asset manager Gruppo Azimut reported positive net inflows for €151m in June, with more than €100m added to its Luxemburg-domiciled funds AZ Fund 1 and AZ Fund Multi Asset.

Overall inflows since the beginning of the year are at €865m. By comparison, at the end of June 2011, Azimut reported €123m inflows.

Assets under administration are at €18.6bn, with €16.5bn assets under management.

“In the first six months of the year we had a very positive performance and at the end of June total inflows stand at 80% of overall inflows for 2011. With continued uncertainty over the outcome of the eurozone crisis, we offer products aimed at currency diversification, such as AZ Global Currencies e Rates, a global bond fund which invests in more than 20 currencies,” said Pietro Giuliani (pictured) chairman and chief executive at Azimut.

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