PRESS RELEASE
NovemberNet Inflows: €403 million
2017 YtDNet Inflows: €5.9 billion
Milan, 13 December 2017
The Azimut Group recorded total net inflows of€403 million in November 2017, reaching€5.9 billion since the beginning of the year.
The net inflows figure of this month benefited from the consolidation ofDunsford Financial Planning, the latest Australian advisory company entering the AZ NGA perimeter. Net of the impact of this acquisition, the Group still recorded net inflows of ca.€300 million in November.
Total Assetsunder management stood at€39.7 billion, and including assets under administration reached€49.4 billion.
Sergio Albarelli, CEO of the Group, comments:"Inflows in November support the positive growth trendthat we've seenthroughout the year, demonstrating the strength of our business model and the success of our strategy both in Italy and abroad. We are particularly pleased about Managed flows; up 27% compared to the same period of 2016, reflecting our daily efforts in providing quality solutions and services to our private clients, families and entrepreneurs looking for professional financial planning advice."
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Total Assets Evolution Mutual fundsDiscret.acctsInsuranceAdvisoryAuC and c.a. 9720 1.1026696 7805 8696434 7676 5806214 9127 7701 7519 31543 28756 28216 11/17 12/16 11/16 | |||
Data in € million | Net Inflows | Assets | |
November 2017 | at 30/11/2017 ∆ in 2017 | ||
Funds(1) Individual Managed Portfolios AZ LIFE Insurance Advisory(2) |
| 31.542,7 9,7% 9.127,4 18,5% 6.696,1 4,1% 1.101,7 26,8% | |
Total Managed Assets & Advisory(3) | 212,2 3.636,2 | 39.662,0 10,8% | |
Assets under custody - c/accts | 191,2 2.230,0 | 9.719,9 24,5% | |
Total Assets | 403,3 5.866,2 | 49.381,9 13,2% | |
(1)ThefiguredisclosedbyASSOGESTIONIdoesnotincludeassetsgatheredoutsideofItalyandentryfees;itincludesmutual. hedge and alternative funds
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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 Italianstock 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 1,600managers, 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 13 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 13 December 2017 14:48:08 UTC.
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