Banca Generali's net inflows amounted to€520 million in November, bringing the YTD total to €6.2 billion (+27% compared to the same period of the previous year).
Net inflows were almost entirely driven by managed products, which generated €498 million net inflows, bringing the YTD total to €5.6 billion (+62%).
Financial and insurance wrappers of products were once again the most-in-demand solutions totalling €306 million for the month and €4.1 billion YTD (66% of total inflows, 74% of inflows generated by managed products).
Funds and SICAVs continued to perform well with €211 million net inflows in November and €1.7 billion YTD.
Chief Executive Officer Gian Maria Mossa stated: "We are recording a strong demand from Private customers who appreciate the customisation and market risk protection offered by our financial and insurance wrapper solutions. The net inflows acceleration recorded in the latter part of the year is the result of the impressive effort of our financial advisors in supporting households in an economic scenario that, albeit recovering, is still marked by financial market uncertainties. In this context, the flexibility and quality of our managed products allow to offer bespoke solutions for all needs. This year we have recorded the highest ever net inflows, with a very robust trend that has outperformed our expectations".
At the center of the debate are the repercussions of the Covid emergency on the Private savings and the relationship with customers.
Our bank won the Lugano Green Night Awards for its commitment to sustainable investments
Fintech and sustainability are the major trends in the world of private savings. Our customers also prefer these solutions.