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PR: Net Inflows October 2019

Total net inflows at €367 million in October (€4,143 million YTD)

Net inflows of managed products at €248 million (€2,115 million YTD)

Assets under Advisory at €4.5 billion (+€2.2 billion YTD)

 

Milan, 11 November 2019 – Banca Generali’s net inflows amounted to €367 million in October, bringing the YTD total to over €4.1 billion. This positive result confirms that Banca Generali is one of the YTD fastest growing companies in the asset gathering sector.

October net inflows stood out for the quality of the product mix, with the new sub-funds of the innovative Sicav LUX IM gathering €194 million in the month, thus consolidating the YTD uptrend (€1.7 billion).

October also witnessed a change of pace within the insurance segment, with net inflows from the new BG Stile Libero hybrid insurance wrappers totalling €106 million (€332 million YTD).

AUC continued to grow (€104 million net inflows in October), partially thanks to the success of the newly issued certificates of the BG Certificates Hub platform, which contributed €86 million (€408 million YTD).

Assets under Advisory further increased to €4.5 billion, up €100 million in October and €2.2 billion YTD.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “October was yet another month marked by robust demand and a high-quality product mix. The new sub-funds of the Sicav LUX IM immediately met with strong interest from clients, as did the most recent addition to our multi-line offerings, where the contribution of life insurance accounts is growing. Households continue to seek protection, despite improving stock market performance, and our flexible solutions and advanced advisory service are the most effective response to their planning needs. Our sound net inflow performance and the interest shown to us by both entrepreneurs and expert professionals allow us to look to the final two months of the year with strong optimism.”

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