BANCA GENERALI S.P.A. 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 5548giuliana.pagliari@bancagenerali.it
April net inflows: €474 million (€2.0 billion YTD)
Net inflows of managed products: €270 million (€1.3 billion YTD)
Milan, 10 May 2018 - Banca Generali's net inflows amounted to €474 million in April, bringing the YTD total to €2.0 billion.
Net inflows of managed and insurance solutions amounted to €270 million (€1.3 billion YTD), mainly regarding insurance and financial wrapper solutions (€165 million in April; €640 million YTD).
Funds and Sicavs also performed well with €103 million net inflows for the month (€404 million YTD).
Deposits and AUC net inflows remained high (€204 million for the month; €766 million YTD), driven by both robust new client acquisition and volatile financial markets. The figure also benefited from net inflows of specific AUC solutions, particularly the innovative healthcare receivable securitization vehicle Astrea 2 dedicated to professional customers (€104 million), an effective tool for further portfolio diversification.
Assets under Advisory reached €1.9 billion in the 12 months since inception (+€200 million in April).
CEO Gian Maria Mossa stated: "It was a month of robust commercial development and market volatility above the historical average. Our customers are appreciating our wealth-protection oriented advisory services, as shown by the growth of Assets under Advisory and significant and steady net inflows of wrapper solutions. The interest shown in our new wealth protection solutions, such as the new Sicav LUX IM and the AUC products, further strengthens the competitiveness of our products and our outlook for the coming months."
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NET INFLOWS AND LIFE NEW BUSINESS IN APRIL 2018
Mutual Funds |
Managed Portfolio |
Mutual Funds and Managed Portfolio |
Life Insurance |
Managed Assets |
Non Managed Assets |
Total |
Mutual Funds |
Managed Portfolio |
Mutual Funds and Managed Portfolio |
Life Insurance |
Managed Assets |
Non Managed Assets |
Total |
Life New Business |
Life New Business |
Life New Business |
Apr 2018 | Mar 2018 | Abs. Chg | |
103 | 99 | 4 | |
71 | -3 | 74 | |
174 | 96 | 78 | |
96 | 212 | -116 | |
94 | 77 | 17 | |
270 | 308 | -38 | |
204 | 246 | -42 | |
of which: Securities | 113 | 76 | 37 |
474 | 554 | -80 | |
Jan-Apr 2018 | Jan-Apr 2017 | Abs. Chg | |
404 | 586 | -182 | |
275 | 945 | -670 | |
679 | 1,531 | -852 | |
603 | 584 | 19 | |
of which BG STILE LIBERO | 365 | 555 | -190 |
1,282 | 2,115 | -833 | |
766 | 416 | 350 | |
203 | 64 | 139 | |
2,048 | 2,531 | -483 | |
Apr 2018 | Mar 2018 | Abs. Chg | |
197 | 305 | -108 | |
Jan-Apr 2018 | Jan-Apr 2017 | Abs. Chg | |
1,017 | 1,098 | -81 |
Million of Euros
of which BG STILE LIBERO
of which: SecuritiesThe 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 10 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2018 11:17:06 UTC
