(Tiper Stock Exchange) – Azimutha group active in asset management and included in the FTSE MIB, recorded in the month of August 2023 a net collection positive for 529 million euros, thus reaching 4.8 billion euros since the beginning of the year (target for the whole year 2023: 6-8 billion euros). In the month of August alone, 92% of net funding was directed to asset management products.
The total assets managed they amount to 59.1 billion euro and, including managed assets, at the end of August they reached 87.7 billion euro, up 11% compared to the beginning of the year.
“In August we recorded a solid net inflows thanks to our globally diversified business modeldespite the typical summer slowdown – commented the CEO Gabriele Blei – As expected, we are seeing signs of stabilization in the financial markets in Brazil and a recovery in demand for our investment solutions, which has led to positive inflows of over 60 million euros for the month. In addition, our strong expansion continues in Turkey, the United States and Australia.”
“In addition to the positive contribution from our network of financial advisors in Italy, we highlight another month of considerable interest in our insurance offerwith AuM now exceeding 7 billion euros – he added – With net inflows of 4.8 billion euros since the beginning of the year and further product closings on private markets expected in the coming months, we look ahead confident of reaching the target of 6-8 billion euros that we have set ourselves for the entire year”.