• Total net inflows at €442 million in February (€859 million YTD)
• Net inflows of managed solutions at €122 million (€175 million YTD)
• Net inflows in assets under advanced advisory at €134 million (€188 million YTD)

Milan, 8 March 2023 – Banca Generali confirmed its solid growth in terms of volumes, in line with the previous month. In February, total net inflows amounted to €442 million, bringing the YTD figure to over €859 million.

The product mix was marked by the favourable development of the new investment lines in funds and financial wrappers (€185 million overall in February; €259 million YTD) which allow to flexibly manage liquidity and seize the diversified opportunities offered by bond and equity markets.

In February, net inflows in assets under Advanced Advisory totalled €134 million (€188 million YTD), driven by advisory on Asset under Custody (AUC) solutions (net inflows for €280 million YTD).

Specifically, net inflows in ‘investment services’ coming from financial wrappers and fee-based advisory totalled €203 million in February (€269 million YTD), testifying to the customers’ growing demand for explicit advisory services.

Net inflows in AUC solutions were very robust (€996 million in February; €1.5 billion YTD), driven by new issues in the period and by the success of the advisory services launched.

Net inflows in insurance products reflected expectations for the launch, at the end of February, of a renewed range of insurance solutions.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “This solid result was achieved in a month characterised by volatility and prudence on the markets due to expectations of further action by central banks. Our strength in investment, advanced advisory and wealth management services continues to be proven by our net inflows figures, which confirm the quality of our bankers and of our range of high added-value solutions. In recent weeks, we have also seen a return of interest for funds, whereas in February the Financial Advisor network's focus on insurance investments was influenced by expectations for the rump-up of new initiatives as of the end of the month. The interest from new customers and from professionals for our Bank make us look with confidence and optimism to an acceleration of our net inflows trend as soon as in March.”