AZIMUT HOLDING S.P.A. PRESS RELEASE
Reached and exceeded the 2015-2019 Business Plan Total Assets target two years ahead of schedule:
At end-2017:€50.4 billion (+16% vs. end-2016)
Exceeded the FY Net Inflows record reached in 2015:
In 2017: € 6.8 billion (+4% vs. 2016)
DecemberNet Inflows: €926 million
Milan, 9 January 2018
The Azimut Group recorded total net inflows of€926 million in December 2017, reaching€6.8 billionin the full year and surpassing the previous record obtained in 2015.
The net inflows figure of this month benefited from the consolidation of a business unit in Monaco and the acquisition ofHenderson Maxwell, the latest Australian advisory company entering the AZ NGA perimeter. Net of the impact of these acquisitions, the Group recorded net inflows of ca.€700 million in December.
Total Assetsunder management stood at€40.2 billion, and including assets under administration reached€50.4 billion,exceeding the 2015-2019 Business Plan target two years in advance.
Sergio Albarelli, CEO of the Group, comments:"Thanks to a strong month of December, especially on the managed side, we close 2017 with anew historical Net Inflows record of 6.8 billion euro, surpassing the previous one obtained in 2015. We are particularly proud of this result; in an environment where interest rates are close to zero and performance has been a real challenge for the entire industry, we have demonstrated that the integration between quality asset management and an efficient distribution network is the right way to deliver and satisfy our clients' needs. This, together with the consistent strengthening of our position globally, allowed us to record700 million euro of organic net inflows in Decemberandexceed our 50 billion euro Total Assets target two years ahead of schedule."
______________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Data in € million | Net Inflows | Assets | |
December 2017 | at 31/12/2017 ∆ in 2017 | ||
Funds(1) Individual Managed Portfolios AZ LIFE Insurance Advisory(2) |
| 31.716,8 10,3% 9.454,2 22,8% 6.702,2 4,2% 1.119,1 28,8% | |
Total Managed Assets & Advisory(3) | 524,9 4.161,1 | 40.189,2 12,3% | |
Assets under custody - c/accts | 401,6 2.631,5 | 10.252,3 31,4% | |
Total Assets | 926,4 6.792,6 | 50.441,5 15,7% | |
(1)ThefiguredisclosedbyASSOGESTIONIdoesnotincludeassetsgatheredoutsideofItalyandentryfees;itincludesmutual. hedge and alternative funds
| |||
Total Assets Evolution
Mutual fundsDiscret.acctsInsuranceAdvisoryAuC and c.a.
12/17
12/16
____________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Corporate Communications Contacts:
Vittorio Pracca
Head of Investor Relations & Corporate Communications Tel. +39 02 8898 5853
Email:vittorio.pracca@azimut.it
Viviana Merotto
Corporate Communications-Media Relations Tel. +39 02 8898 5026
Email:viviana.merotto@azimut.it
www.azimut-group.com
Azimutis 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 1,600
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, Iran 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 09 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 09 January 2018 16:29:00 UTC.
Original documenthttp://www.azimut-group.com/documents/20195/711994/December+Net+Inflows_+EU+926+million.pdf/7f86bbc2-f9a7-41be-802f-2c35a3277524
Public permalinkhttp://www.publicnow.com/view/E1E57E96CDA0DE043CC3FA268E6A3587E60F0096
