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Net Inflows November 2020

  • Total net inflows amounted to €406 million in November (€5,084 million YTD);
  • Net inflows of managed solutions at €439 million (€2,445 million YTD);
  • Assets under Advisory at €5.8 billion (+24% YTD);

Milan, 7 December 2020 - Banca Generali’s total net inflows amounted to €5.1 billion in November (€4.5 billion in the same period of 2019). Net inflows of managed solutions grew sharply to €2.4 billion (+65% compared to €1.5 billion in November 2019). Assets under Advisory (BGPA) reache €5.8 billion (€4.6 billion in the same period of 2019).

Managed solutions attracted most net inflows for the month, growing significantly both on a monthly basis (+36% YoY to €439 million), and on a yearly basis (+65% to €2.4 billion). Among products, worthy of notice was the performance of the Luxembourg-based Sicav LUX IM (€184 million, €1.6 billion YTD) and insurance wrappers (€127 million, €747 million YTD). Subscriptions of third-party funds totaled €177 million (€540 million YTD), confirming the versatility and effectiveness of the open-architecture range of products.

Assets under Advisory grew sharply to €5.8 billion (+€395 million in November).

Chief Executive Officer and General Manager Gian Maria Mossa stated: “November was yet another very solid month in term of net inflows, especially regarding the managed solutions component, which performed among the best for the year, showing an extraordinary growth of 65% compared to the same month of 2019. This testifies to the great work of our bankers in helping our customers to grasp market opportunities through high-quality solutions. Despite the pandemicrelated criticalities and uncertainties, we have already reached the same performance of last year, a month in advance, thanks to our strong structure and to the quality of a highly customizable and constantly evolving range of products and services. Distinctive features such as our innovative theme-based managed solutions and the in-depth analysis provided by our advanced advisory service continue to be increasingly appreciated by our customers. The attention we are receiving from both expert professionals and customers with complex needs, such as companies and entrepreneurs, give us confidence in the final part of the year and the beginning of 2021”.

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