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
August net inflows: €470 million (€4.77 billion YTD)
Net inflows of managed products: €406 million (€4.26 billion YTD)
Milan, 8 September 2017 - Banca Generali's net inflows amounted to €470 million in August, bringing the YTD total to €4.77 billion (+25% compared to the same period of the previous year).
Net inflows were mainly driven by managed products, which generated €406 million bringing the YTD total to €4,26 million (+66%).
Financial and insurance 'wrapper' solutions totalled €276 million net inflows in August (€3.3 billion YTD), proving to be once again the most-in-demand investment solutions thanks to the flexibility and diversification they offer.
Funds and Sicavs also performed well with €105 million net inflows for the month (€1.2 billion YTD).Lastly, the constant acquisition of new customers also led to positive net inflows from assets under administration and custody (€64 million in August; €511 million YTD).
Chief Executive Officer Gian Maria Mossa stated: "In light of the ongoing geopolitical tensions and exchange rates volatility, in August our professionals continued to offer customers bespoke managed solutions able to protect investments. The 50% increase in net inflows compared to the same month of the previous year and the significant managed products component confirm the excellence-oriented approach of the Bank. This makes us look towards the coming months with much confidence."
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PRESS RELEASE CONTACTS: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
NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2017Million of Euros | Aug 2017 | Jul 2017 | Abs. Chg |
Mutual Funds | 105 | 126 | -21 |
Managed Portfolio | 152 | 147 | 5 |
Mutual Funds and Managed Portfolio | 257 | 273 | -16 |
Life Insurance | 149 | 144 | 5 |
of which BG STILE LIBERO | 126 | 97 | 29 |
Managed Assets | 406 | 417 | -11 |
Non Managed Assets | 64 | 64 | 0 |
of which: Securities | 57 | 68 | -11 |
Total | 470 | 481 | -11 |
Jan-Aug 2017 | Jan-Aug 2016 | Abs. Chg | |
Mutual Funds | 1,210 | 55 | 1,155 |
Managed Portfolio | 1,771 | 550 | 1,221 |
Mutual Funds and Managed Portfolio | 2,981 | 605 | 2,376 |
Life Insurance | 1,279 | 1,955 | -676 |
of which BG STILE LIBERO | 1,160 | 762 | 398 |
Managed Assets | 4,260 | 2,560 | 1,700 |
Non Managed Assets | 511 | 1,268 | -757 |
of which: Securities | 223 | 244 | -21 |
Total | 4,771 | 3,828 | 943 |
Life New Business | |||
Aug 2017 | Jul 2017 | Abs. Chg | |
Life New Business | 220 | 207 | 13 |
Jan-Aug 2017 | Jan-Aug 2016 | Abs. Chg | |
Life New Business | 2,153 | 2,663 | -510 |
The 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 08 September 2017 and is solely responsible for the information contained herein.
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