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
November total net inflows: €520 million (€6.2 billion YTD)
Net inflows of managed €498 million (€5.6 billion YTD)products:
Milan, 11 December 2017 - Banca Generali's net inflows amounted to €520 million in November, bringing the YTD total to €6.2 billion (+27% compared to the same period of the previous year).
Net inflows were almost entirely driven by managed products, which generated €498 million net inflows, bringing the YTD total to €5.6 billion (+62%).
Financial and insurance 'wrappers' of products were once again the most-in-demand solutions totalling €306 million for the month and €4.1 billion YTD (66% of total inflows, 74% of inflows generated by managed products).
Funds and SICAVs continued to perform well with €211 million net inflows in November and €1.7 billion YTD.
Chief Executive Officer Gian Maria Mossa stated: "We are recording a strong demand from Private customers who appreciate the customisation and market risk protection offered by our financial and insurance wrapper solutions. The net inflows acceleration recorded in the latter part of the year is the result of the impressive effort of our financial advisors in supporting households in an economic scenario that, albeit recovering, is still marked by financial market uncertainties. In this context, the flexibility and quality of our managed products allow to offer bespoke solutions for all needs. This year we have recorded the highest ever net inflows, with a very robust trend that has outperformed our expectations."
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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
NET INFLOWS AND LIFE NEW BUSINESS IN NOVEMBER 2017
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 |
Nov 2017 | Oct 2017 | Abs. Chg | |
211 | 184 | 27 | |
176 | 166 | 10 | |
387 | 350 | 37 | |
111 | 109 | 2 | |
85 | 86 | -1 | |
498 | 341 | 157 | |
22 | 96 | -74 | |
of which: Securities | -62 | -9 | -53 |
520 | 555 | -35 | |
Jan-Nov 2017 | Jan-Nov 2016 | Abs. Chg | |
1,732 | 55 | 1,677 | |
2,210 | 865 | 1,345 | |
3,942 | 920 | 3,022 | |
1,616 | 2,502 | -886 | |
of which BG STILE LIBERO | 1,406 | 1,123 | 283 |
5,558 | 3,422 | 2,136 | |
674 | 1,485 | -811 | |
166 | 74 | 92 | |
6,232 | 4,907 | 1,325 | |
Nov 2017 | Oct 2017 | Abs. Chg | |
286 | 213 | 73 | |
Jan-Nov 2017 | Jan-Nov 2016 | Abs. Chg | |
2,818 | 3,463 | -645 |
Million of Euros
of which BG STILE LIBERO
Managed Assets
Non Managed AssetsTotal
Mutual Funds
Managed Portfolio
Mutual Funds and Managed Portfolio
Life Insurance
of which: Securities
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 11 December 2017 and is solely responsible for the information contained herein.
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