BANCA GENERALI S.P.A. www.bancagenerali.com
Media Relations Michele Seghizzi
Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
July net inflows: €481 million (€4.30 billion YTD)
Net inflows of managed products: €417 million (€3.85 billion YTD)
Milan, 3 August 2017 - Banca Generali's net inflows amounted to €481 million in July, bringing the YTD total to €4,301 million (+22% compared to the same period of the previous year).
In July, customers' attention continued to focus on asset management solutions, which generated
€417 million net inflows (€3,854 million YTD; +71%).In terms of product lines, financial and insurance 'wrapper' solutions were the most in demand, with €255 million net inflows that brought the YTD figure well over €3.0 billion (€3,061 million).
Funds and Sicavs were also successful, gathering €126 million in July (€1.1 billion YTD).Lastly, assets under administration and custody also reported a good performance (€64 million in July, €447 million YTD), reflecting the acquisition of new customers.
Chief Executive Officer Gian Maria Mossa stated: "Demand for financial advisory and bespoke wealth protection solutions continued to be strong in July. In light of stock prices highs and the uncertainties surrounding the next moves of Central Banks, our professionals - and also households - are favouring diversification in active management instruments, especially those able to protect from multiple market risks, such as our wrappers of products. These solutions were again much in demand thanks to their exclusive characteristics and we expect them to continue to grow in the future."
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Million of Euros | Jul 2017 | Jun 2017 | Abs. Chg | |
Mutual Funds | 126 | 140 | -14 | |
Managed Portfolio | 147 | 274 | -127 | |
Mutual Funds and Managed Portfolio | 273 | 414 | -141 | |
Life Insurance | 144 | 207 | -63 | |
of which BG STILE LIBERO | 97 | 199 | -102 | |
Managed Assets | 417 | 621 | -204 | |
Non Managed Assets | 64 | -1 | 65 | |
of which: Securities | 68 | -19 | 87 | |
Total | 481 | 620 | -139 | |
Jan-Jul 2017 | Jan-Jul 2016 | Abs. Chg | ||
Mutual Funds | 1,105 | -20 | 1,125 | |
Managed Portfolio | 1,619 | 451 | 1,168 | |
Mutual Funds and Managed Portfolio | 2,724 | 431 | 2,293 | |
Life Insurance | 1,130 | 1,823 | -693 | |
of which BG STILE LIBERO | 1,034 | 678 | 356 | |
Managed Assets | 3,854 | 2,254 | 1,600 | |
Non Managed Assets | 447 | 1,264 | -817 | |
of which: Securities | 166 | 217 | -51 | |
Total | 4,301 | 3,518 | 783 | |
Life New Business | ||||
Jul 2017 | Jun 2017 | Abs. Chg | ||
Life New Business | 207 | 313 | -106 | |
CONTACTS: | ||||
Jan-Jul 2017 | Jan-Jul 2016 | Abs. Chg | ||
www.bancagenerali.com | Life New Business | 1,933 | 2,467 | -534 |
Media Relations | ||||
Michele Seghizzi Tel. +39 02 6076 5683 |
Michele.seghizzi@bancagenerali.it
Investor Relations Giuliana Pagliari
Tel: +39 02 6076 5548
giuliana.pagliari@bancagenerali.it
NET INFLOWS AND LIFE NEW BUSINESS IN JULY 2017The Manager responsible for preparing the company's financial reports (Tommaso Di Russo) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records. Tommaso Di Russo (CFO of Banca Generali)
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Banca Generali S.p.A. published this content on 03 August 2017 and is solely responsible for the information contained herein.
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