Asset management, unchanged picture in February: negative net inflows

SP sees Italys GDP at 01 in 2023 inflation at

(Finance) – The monthly map data of February 2023 of Assogestioni outline a substantially unchanged picture compared to January in terms of deposits and influenced by market volatility in terms of volumes.

In detail, the net collection was equal to -1.94 billion euro while at the end of the month the managed assets amounted to 2,242 billion euros. The data were mainly influenced by the 2 billion euro of outflows recorded by institutional mandates in the month and the market effect, estimated by the Assogestioni Research Department at -1%.

Instead, it continues Consolidation of the trends of the last months of open funds: despite February closing with net inflows of -356 million euros, both equity funds (+1.32 billion euros) and bond funds (+570 million euros) remained in positive territory. In particular, the inflows recorded on the former raise the amount collected since the beginning of the year from this category of products above 3 billion euros to +3.06 billion euros. By contrast, balanced and flexible funds recorded €719 million and €1.41 billion of outflows respectively in February.

Considering open funds and portfolio management, al first place for net inflows it is placed Soul with 327 million euros, followed by Arca with 277 million, JPMorgan with 225 million e Mediolanum with almost 208 million.

Among companies closing February 2023 in negativein first place is the group generals with about -1.3 billion euros, Italian postto -484 million and the Amundi to -420 million euros.

Generali, in a note, regarding the data published by Assogestioni, specified that the collection result recorded by the Group “is mainly due to money market flows And management mandates on insurance portfolios of the group”.

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