Milan, 2 September 2014 Banca Generalis net inflows in August amounted to 284 million, of which 215 million gathered by the Banca Generali network (2,179 million YTD) and 69 million gathered by Banca Generali Private Banking (672 million YTD).
The result, which showed further growth compared to the already excellent July result, was achieved thanks to the intense activity launched during the summer and continued between late July and early August, before the traditional holidays period. The comparison with the same period of the previous year is a further proof of the investors strong demand, which more than doubled the monthly net inflows to 2,851 million YTD.
The professional financial planning of Banca Generalis financial advisors and the value of a varied and versatile range of products and services perfectly meet the strong demand for effective asset management products. The monthly figure neared 230 million, reaching 2.7 billion YTD.
The ongoing decrease in Italian government bond yields which reached historical lows even for longer maturities is leading investors to constructively evaluate portfolio diversification and valorisation opportunities.
BG Stile Libero was again amongst the most-in-demand solutions, thanks to the insurance benefits and the flexible choice of underlying equity investments it offers. Just six months after its launch, the innovative, multi-line policy has reached 1,073 million assets (133 million in August alone).
The guarantees offered by LOB I investment insurance products, which combine capital protection with stable and highly competitive returns, were also successful. Life new business totalled 94 million in August (1,193 billion YTD).