Italy’s networks of advisers post €2bn in June

Italy’s networks of advisers posted €2bn net inflows in June, industry association Assoreti has revealed.

The association also said that the result is the best six-month result of the last 15 years and said it has brought total net inflows since the beginning of 2015 to €15.2bn.

The result marks a 30% growth compared with the first half of 2014.

A significant majority of June’s inflows (€1.7bn) was attracted by asset management products, while administered products posted some €295m net inflows.

Assoreti also highlighted that the asset management’s contribution makes up to 90% of total inflows since the beginning of the year.

Among the banks, Allianz Bank Financial Advisors scored the highest level of inflows with €367m, followed by Banca Generali with €354.4m and FinecoBank with €323.9m.

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