Italy’s Banca Generali posts €2,076m YTD in asset management products
Banca Generali posted positive net inflows of €122m in September, €82m of which came from the bank’s network and €40m from Banca Generali Private Banking.
As the bank reports, despite some extemporaneous variables, related both to the markets and the financial advisors’ planning commitments typical of this period, the result highlights the customers’ strong demand of qualified advisory and the effectiveness of the range of products and services.
Net inflows YTD came at €1,846m, with a significant contribution of asset management solutions, which came at €2,076 million (+111% compared
to the same period of last year).
The products in greatest demand in September notably included managed insurance investments, in response to the market complexities and the uncertainties that have returned to the forefront of the political and monetary policy scenario, Banca Generali also highlighted.
According to bank’s report, the positive result was driven to a significant degree by the success of the new policy BG Cedola Più. In addition to the traditional strengths cited above, this policy offers the option of annual distribution of the return generated by the underlying segregated account.
Banca Generali CEO, Piermario Motta (pictured), commented: “In nine months we have succeeded not only in exceeding our record results of 2012, but also in approaching the ambitious annual milestone of €2bn net inflows, which now seems at hand.
“September was marked partly by the customary managerial planning of year-end activities that requires the involvement of our professionals, but also, and most importantly, by the exceptional volatility and the political uncertainty witnessed over the past few weeks”