Italy’s Banca Generali posts €210m net inflows in March
Italy’s Banca Generali posted total €210m net inflows in March, of which €121m by the Banca Generali network and €89m gathered by the Banca Generali Private Banking.
The bank said net inflows figures for March confirmed the strong acceleration witnessed in the first months of 2013 and are the best first quarter net inflows results in Generali’s history.
In March, managed products played the starring role, with net inflows exceeding €225m.
Net inflows from managed products year to date totalled €586m, 95% of the total.
Funds and SICAVs reported a performance of €180m, especially with regards to the equities and flexible BG Selection sub-funds and the new global and emerging market bond lines of BG Sicav.
“In just three months, inflows have already exceeded half of the annual targets we had indicated. Despite the political and economic uncertainty and market pressures, our financial advisors’ professionalism and experience are gaining the trust of an increasing number of investors in search of a highly dedicated, efficient and versatile partner, which they find in Banca Generali. The scenario of severe volatility requires competence and commitment in assisting our customers’ portfolios in order to seize the opportunities that arise from careful financial diversification,” said Piermario Motta (pictured), the bank’s chief executive.