(Finance) – It is a new record for heritage of savers followed by consultancy networks, which returns to the levels of the end of 2023, both due to the good performance of the markets and the growth in collections. This is what emerges from the report Assoreti.
The heritage at the end of March stands at 839.8 billion, exceeding by 7% the valuation at the end of December 2023. The main growth lever is represented by theperformance effect of the financial markets that contributes 3.1 points percentages, while the collection for 1.3 points; the contribution deriving from the changes occurred in the survey perimeter is 2.5 points.
There overall valorisation of the component financial/insurance/social security of the portfolio thus reaches i 717.1 billion euros (+7.3% in the quarter), representing 85.4% of the portfolio; Of these, 519.9 billion are invested in products
of the managed savings (61.9% of the portfolio) e 197.2 billion in financial instruments administered (23.5% of the assets).
“Despite the difficulties of the period, the Network system has reached a new record of assets thanks to the ability to intercept and support the demand for financial advice expressed by Italian savers, through a correct preparation of a well-diversified portfolio capable of reducing the exposure to risk, especially in the most critical phases, and, at the same time, to enhance the trends of the financial markets”; she explained Massimo DorisPresident of the Association.
Managed savings
The component represented by the set of managed savings products record one growth of 5.5% in the quarter, determined by the market effect by 3.7 points.
The value of mutual funds and Sicavs stands at 227.3 billion of euros, with one growth of 6.4% compared to the end of 2023 and an overall impact on the portfolio which stands at 27.1%. In detail, open-ended funds under foreign law represent 23.8% of the portfolio with 200.2 billion euros, of which 86.2 billion invested in equity funds; Italian law products are worth 24 billion (2.9% of the portfolio).
The valorization of individual management increases by 4.8% and reaches 84.2 billion euros; the impact on the portfolio thus stands at 10%. The insurance sector represents 22.5% of the portfolio, with 189 billion euros (+4.7%). Growth particularly involves multi-line policies (+8%), which reach 43 billion, and the unit linked (+4.4%) with 102 billion. They also grow
social security products (+6.3%) thus reaching 19.3 billion.
Managed savings
The administered financial instruments reach an overall value of 197.2 billion euros, with an increase of 12.2%.
The largest is consolidated impact of government bonds, now equal to 8.6% with 72.2 billion euros; follows that of the titles equity which, with 58.7 billion, represent 7% of the portfolio. 6.6% of the assets are represented by corporate bonds (3.6%), exchange traded products (1.5%) and certificates (1.4%).
(Photo: © Veerasak Piyawatanakul)