Italy’s financial advisers post €12bn net inflows in 2012

It has been a good year for Italy’s networks of financial advisers.

According to the latest data released by the industry association Assoreti, the country’s advisers posted €12bn net inflows during the year, with the highest flows headed to asset management products.

Italy has about 22,000 financial advisers who in 2012 posted invested €6.75bn into mutual funds, funds of funds, hedge funds and closed funds.

Most of the investments were directed to foreign funds, which posted €1.84bn net inflows during the year.

Meanwhile, bond strategies remained best-sellers during the year, with total net inflows of €11.1bn.

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