Italy’s Banca Mediolanum posts €83m net inflows in May
Italy’s Banca Mediolanum has registerd €500m net inflows in asset management products in May, bringing the total inflows above €2bn since the beginning of 2013.
During the first five months of the year, Banca Mediolanum has posted net inflows in managed assets of €1.1bn, compared to €307m in the same period last year.
According to Banca Mediolanum’s figures, the total inflows in asset management products have reached €2.04m since the beginning of the year, a higher rate compared to €594,000 last year.
May has been a negative month for administered assets, with net outflow of €-17m. Over the January-May period, inflows were €1.081m against the €1.273m for the same period in 2012.
Banca Mediolanum’s net total inflows between managed assets and administered assets in May was €83m.