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.

Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is deputy editor and French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

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