Banca Generali's net inflows amounted to €€669 million in May, bringing the YTD total to a new record for the period at €€3,200 million (+34% compared to the same period of the previous year). Even more significantly, net inflows of managed products exceeded €700 million (€€701 million) in one month for the second time this year, achieving €€2.8 billion YTD (+95% on an annual basis) and accounting for 88% of total net inflows.

The financial and insurance wrapper solutions were especially successful and continued to be high in demand thanks to the level of customisation and asset protection they offer.

In May, net inflows amounted to €€476 million, tripling to €€2,296 million YTD, in five months, the result for the previous year. Lastly, it should be noted that portfolio diversification advisory accelerated the growth of net inflows of Funds and Sicavs which totalled €€253 million for the month (€€839 million YTD).

Chief Executive Officer Gian Maria Mossa stated: “"May was yet another very satisfactory month. The first part of the year has been marked by the centrality of the role of our professionals and our quality-oriented approach in driving the customers’ decisions. The high net inflows of managed products are the result of our investment approach focussed on protection in a period of low interest rates and worldwide political uncertainty. Our innovative customer communications methods, regarding financial as well as wealth issues in general, further enhance our customers’ advisory experience. We look towards the coming months with great optimism".

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