Italy’s financial advisers post €1.6bn inflows in June, Assoreti says
Italy’s networks of financial advisers posted €1.6bn of net inflows in June,a similar amount to the one registered in the previous month, industry association Assoreti revealed.
As Assoreti’s report shows, 85.2% of net profit is invested in asset management products, for a total amount of €1.3bn.
As per administered products, the value came to €234m.
Net inflows from the distribution of OICRs’ (collective asset management investment tools, including SGRs and Sicav) direct shares amounted to €482m.
Investments in funds of funds were of €617m and those in foreign products were of €616m. Converseley, traditional collective asset management investment tools saw negative inflows both on the Italian and the foreign sides, respectively of €40m and €67m.
Net investments made on insurance and social security products were of €764m, with unit linked attracting the majority of it for a total of €714m.