Italy’s financial advisers post €759m inflows in September, Assoreti

Italian financial advisers collected €759m inflows in September, down from €1.1bn inflows in August, according to data published by Italy’s association of financial advisers Assoreti.

Assets under management posted €829m inflows, down from €1.3bn in August, which were contrasted by €70m outflows from assets under administration.

Italian investors favoured foreign funds, which collected €395m inflows, of which €132m directed to funds of funds.

Insurance and retirement products also posted €463m inflows.

Italian networks of advisers posted combined €4.6 flows to asset management products.

Assoreti represents 21632 advisers, about 90% of the whole market.

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