Banca Generali's net inflows amounted to €470 million in August, bringing the YTD total to €4.77 billion (+25% compared to the same period of the previous year).
Net inflows were mainly driven by managed products, which generated €406 million bringing the YTD total to €4,26 million (+66%).
Financial and insurance wrapper solutions totalled €276 million net inflows in August (€3.3 billion YTD), proving to be once again the most-in-demand investment solutions thanks to the flexibility and diversification they offer.
Funds and Sicavs also performed well with €105 million net inflows for the month (€1.2 billion YTD).
Lastly, the constant acquisition of new customers also led to positive net inflows from assets under administration and custody (€64 million in August; €511 million YTD).
Chief Executive Officer Gian Maria Mossa stated: "In light of the ongoing geopolitical tensions and exchange rates volatility, in August our professionals continued to offer customers bespoke managed solutions able to protect investments. The 50% increase in net inflows compared to the same month of the previous year and the significant managed products component confirm the excellence-oriented approach of the Bank. This makes us look towards the coming months with much confidence".
Total net inflows exceeding last years’ levels despite the extraordinary COVID-19-related context.
Data for the 1H 2020 have been presented. The path of sustainable growth continues with profits and volumes that are confirmed at pre Covid levels.
Banca Generali ranked 12th in the Integrated Governance Index 2020