Press releases

Total net inflows amounted to €315 million in August (€3,467 million YTD)

Net inflows of managed products at €125 million (€1,681 million YTD)

Assets under Advisory at €4.3 billion (+€2.0 billion YTD)

 

Milan, 5 September 2019 – Banca Generali’s net inflows amounted to €315 million in August, bringing the YTD total to €3.5 billion.

August net inflows increased compared to the same period of the previous year and remained in line with the significant figures reported in the previous month, confirming the quality of a product mix that meets clients’ demand for protection and low volatility.

With regard to managed products, net inflows of the new Sicav LUX IM grew by €129 million, bringing its YTD total to €1.4 billion. Among AUC, newly issued certificates and securitisations totalled €56 million in the month and €684 million YTD.

Current account deposits rose sharply (€168 million) driven by the ongoing acquisition of new customers.

Assets under Advisory continued to show solid growth: assets amounted to €4.3 billion at the end of August, increasing by €2.0 billion YTD.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “We reported a very solid result, also in light of the seasonality and the geopolitical uncertainties for the period. This confirmed once again that financial advisors’ professionalism is the true key to success. Our diversified investment solutions, personalised service and our financial advisors’ close relationships with households are further distinctive features that allow us to look toward the final part of the year with confidence.”

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