News
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".