Italy’s financial adviser networks’ assets decrease in Q2 of 2013 – Assoreti
Italy’s networks of financial advisers’ assets amounted to €264bn at the end of June, slightly less than in the previous quarter.
Total assets decreased by 0.3%, Italian industry association Assoreti has revealed. Despite an increase in asset management products’ value (+€6.9bn), administered products saw a decrease in investments of €2.1bn.
The total value of asset management investment tools (OICR), asset management and insurance and social security products amounts to €196.4bn, up 0.8% compared with the end of March.
Assets under administration’s value was instead down by 3.2%, reaching a total amount of €68bn.
According to Assoreti, at the end of June, total networks’ contribution to assets invested in OICR reached €167.2bn, with an incidence of 32.4% on the total assets invested in funds.
Looking at assets under administration, the stock portfolio amounted to €36.4bn, 13.8% of total assets. Liquidity was down, coming to a total of €31.6bn, Assoreti also said.