(Finance) – In the first half of the year the networks of financial advisors they have made one net inflows of € 24.6 billion, down by 14.5% compared to the same period of the previous year.
“The volumes of activity in the first half of the year are confirmed at particularly significant and solid levels. More and more Italians are deciding to rely on our Associates”, she states Paolo MolesiniPresident of the Association.
The 60.7% of the collection involves the component administered of the portfolio equal to 14.9 billion (+ 91.5% y / y). The financial products of the sub-fund (Titles) recorded net flows more than tripled to 10.2 billion (+ 252% y / y), while the liquid assets it was positive for 4.7 billion (-3.8% yoy). Net resources allocated to administered financial products are mainly directed to equity securities (2.9 billion), government bonds (3.2 billion), bonds (1.6 billion) and certificates (1.2 billion).
Net investments in the sub-fund of managed savings are confirmed as positive and equal to € 9.7 billionalbeit down (-53.9% yoy, Le Reti nonetheless consolidated its role of reference for the asset management industry; in the first six months of the year, financial advisors enabled for out-of-office offers channel 70.6% of the collection net realized by the entire system of Open UCIs.
In the first half of the year the number of clients followed by financial advisors increases enabled to offer off-site, now equal to almost 4.9 million (+ 2.6%); there are approximately 152 thousand new customers of the Networks.
The direct distribution of open UCITS units translates into net subscriptions of approximately 1.3 billion euros (-83.9% yoy). The preference for equity funds on which net resources flow for 5 billion; positive balance also for the balanced ones (589 million) and the flexible ones (351 million), while in bond funds there is the prevalence of outflows (-4.7 billion).
Positive and growing balance sheet for i closed-end funds with a deposits which amounted to € 512 million (+ 6.2% y / y). The individual management recorded net inflows of € 2.1 billion (-44.7% y / y).
The net flow of resources directed to the insurance / social security sector it is equal to 5.8 billion (-34.7% y / y) and focuses on unit linked (3 billion) and multi-branch policies (2.6 billion).
(Photo: © Veerasak Piyawatanakul)