Open-ended funds lead Italy’s AMs success

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Italy’s AM industry posted total net inflows of €23bn in March, for a total of €52bn in Q1.

The industry AUM hiked to €1,700bn, association Assogestioni has revealed. Fourty-seven percent of the total amount is invested in collective management schemes, while the remaining 53% is in institutional mandates, slightly less than in previous months.

The latter posted net inflows of €7bn in March, almost equally distributed between retail (€3.7bn) and institutional mandates (€3.3bn).

Open-ended funds topped the chart with €15.5bn net inflows in March, €7bn of which came from flexible funds; €4.5bn from fixed income funds; €2.3bn from equity funds and €2m from balanced funds.

Domestic funds dominated over foreign domiciled funds with €3.9bn against €11.6m total net inflows.

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