Primonial records €1.4bn net inflows at mid-year
French financial group Primonial has recorded €1.4bn net new inflows during the first half of 2015, of which €1.08bn come from retail investors and €316m from institutional investors.
Net new inflows rose by 28% yoy on the retail segment.
Primonial said its life insurance products have attracted massive inflows (€448m), up 24% yoy, with an increase in unit-linked contracts.
Its property solutions for retail investors have recorded €414m during the six first months of 2015. French domiciled real estate investment trusts (SCPI) account for €291m.
Its private wealth management branch, Primonial Gestion Privée, has recorded €200m net inflows, up 20% yoy.
The firm pointed out that the distribution of its products towards French IFAs (CGPI) rose by 50% yoy for the first half of 2015.
In addition, the group’s multiboutique asset manager Primonial Investment Managers (Primonial AM, RocheBrune AM et AltaRocca AM) has boarded €176m net inflows from institutional investors and its real estate investment branch, Primonial REIM, has recorded €140m net inflows.
The group has set a target of €565m net inflows from institutional investors for its property investment activity in 2015.
Primonial has over €9bn of assets under management and has reached a record in 2014 with €2.85bn net inflows recorded.