AZIMUT HOLDING S.P.A. Milan, 7 September 2017
The Azimut Group recorded total net inflows of € 311 million in August 2017, exceeding € 4.1 billion since the beginning of the year.
Total assets under management stood at € 38.7 billion, and including assets under administration reached€ 47.6 billion.Lastly, during the month of August, the Azimut Global Sukuk fund was included in the distribution platform of Abu Dhabi Islamic Bank (ADIB), the main platform used by Private Bankers in the United Arab Emirates. As a reminder, Azimut Global Sukuk was launched in 2014 and is today one of the world's largest Sharia-compliant funds with AuM in the region of $ 124 mln and a very diversified underlying allocation."
Sergio Albarelli, Azimut's CEO, comments: "Despite an expected seasonal slowdown around the month of August, the Group continued its growth at a sensible pace. The figures show a strong improvement in the quality of flows, confirming the effectiveness of our managed solutions and the ability of our advisors to resolve clients' financial planning needs. The result is also benefiting from a more and more important contribution of our international business, helping us to diversify and continue our growth despite the typical summer break in Italy."
Data in € million | Net Inflows | Assets | ||
August | 2017 | at 31/08/2017 | ∆ in 2017 | |
Funds(1) | 362,6 | 1.559,2 | 30.745,9 | 6,9% |
Individual Managed Portfolios | -18,0 | 971,0 | 8.775,2 | 13,9% |
AZ LIFE Insurance | 11,2 | 167,1 | 6.664,9 | 3,6% |
Advisory(2) | -10,2 | 155,1 | 1.064,0 | 22,5% |
Total Managed Assets & Advisory(3) | 282,9 | 2.875,0 | 38.680,4 | 8,0% |
Assets under custody - c/accts | 28,0 | 1.246,3 | 8.955,6 | 14,7% |
Total Assets | 310,8 | 4.121,3 | 47.636,1 | 9,2% |
Total Assets Evolution
8956 |
1.064 6665 |
8775 |
30746 |
Mutual funds Discret.accts Insurance Advisory AuC and c.a.
The figure disclosed by ASSOGESTIONI does not include assets gathered outside of Italy and entry fees; it includes mutual. hedge and alternative funds
Includes M AX product (fee-based advisory)
Net of double counting
7805 |
869 6434 |
7701 |
28756 |
7389 557 |
6175 |
7179 |
27845 |
Head of Investor Relations & Corporate Communications Tel. +39 02 8898 5853
Email: vittorio.pracca@azimut.it
Viviana MerottoCorporate Communications - Media Specialist Tel. +39 02 8898 5026
Email: viviana.merotto@azimut.it
www.azimut-group.com
Azimut is Italy's leading independent asset manager (active since 1989). The Parent Company Azimut Holding was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and, among others, is a member of the main Italian index FTSE MIB and of the Eurostoxx 600. The shareholder structure includes over 1,400 managers, employees and financial advisors, bound by a shareholders' agreement that controls over 15% of the company. The remaining is free float. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Brazil, Singapore, Mexico, Australia, Chile, USA, UAE and Turkey. In Italy, Azimut Capital Management SGR sells and manages Italian mutual funds, Italian alternative investment funds, as well as being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of Azimut Consulenza SIM, distributes Group and third party products in Italy via a network of financial advisors while Azimut Global Counseling provides consulting services. Overseas main operations are AZ Fund Management SA (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life DAC, which offers life insurance products.Azimut Holding S.p.A. published this content on 07 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 September 2017 13:37:09 UTC.
Original documenthttp://www.azimut-group.com/documents/20195/432585/August+Net+Inflows_+EU+311+million.pdf/12138412-257b-4c75-8ed6-fc3e7d74b0e6
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