Italy’s Banca Generali posts €241m inflows in April

Italy’s Banca Generali posted total net inflows of €241m in April, of which €121m gathered by the Banca Generali network and €120m gathered by the Banca Generali Private Banking.

“April witnessed the best performance since January last year, reporting a strong demand of asset management products, with net inflows amounting to €314m for the month,” the bank said.

The reduction of interest rates on government bonds and expectations of an improvement in the Eurozone’s prospects, albeit of a slow, gradual nature, are steering customers towards asset management solutions that permit them to increase the diversification of their portfolios and seize the investment opportunities offered by the international financial markets.

In April, and since the beginning of 2013, net inflows were concentrated on funds and SICAVs (€206 million for April), confirming the active search for diversification of assets with regard to both asset class and markets. In particular, the new funds of BG SICAV and BG Selection sub- funds saw an increasing demand, primarily those targeting emerging markets and NEXT 11 countries.

The CEO of Banca Generali, Piermario Motta (pictured), said: “We are very satisfied with the high level of attention we are receiving from our customers, which bears witness to an increasing recognition of our proven ability to provide effective solutions for managing and growing investments. Following a first quarter of significant increases in inflows, we were able to achieve a further improvement of our monthly growth rate by quantity and quality. This demonstrates the excellence of our offerings and the quality of the advice provided by our professionals, combining efficiency and competence in a way that leads us to look towards future results with deep optimism.”

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