Press releases

Net Inflows May 2021

  • Total net inflows at €617 million in May (€3,066 million YTD)
  • Net inflows of managed solutions at €342 million (€1,953 million YTD)
  • Assets under Advisory at €132 million (Total AuA1 at €6,725 million YTD)

Milan, 9 June 2021 – Sharp growth of net inflows continued (€617 million in May; +52% YoY), totalling €3.07 billion YTD (+33% YoY).

The composition of net inflows continued to be driven by managed solutions (€342 million in May) for a total of €1.95 billion YTD, accounting for 64% of total net inflows. Demand for financial and insurance wrappers accelerated further (€156 million in May; +147% YoY) to a total of €837 million YTD compared to €146 million for the previous year. Retail Funds/Sicavs also recorded excellent net inflows (€186 million in May; €1.1 billion YTD), with a strong contribution by Lux IM (€94 million; €599 million YTD).

AUC products also grew in May totalling €374 million, driven by the acquisition of new clients, with a temporary increase in current accounts (€228 million in May; €798 million YTD) that is expected to be reabsorbed over the next few months.

In May, Assets under Advisory continued to be high in demand and new AuA amounted to €132 million (€709 million YTD)2, reaching a total of €6.7 billion (+37% YoY; +12% YTD).

Chief Executive Officer and General Manager Gian Maria Mossa stated: “Demand for financial advice remains very robust and mostly oriented towards managed solutions. The month’s strong inflows benefitted from our Financial Advisors’ ability to support households’ financial needs. The growth that we are seeing across all our main solutions — above all the managed ones — confirms that they are a perfect fit for our clients’ advisory needs. The ability to attract  new bankers and new customers supports our optimism regarding our prospects for the coming months.”

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