(Finance) – In the month of August, the Italian managed savings market achieved net inflows of +4.81 billion euroswhile the total assets rose above 2,400 billion euros 2,406 billion euros. This is what can be seen from the monthly map of Assogestioni on the preliminary data for August processed by the Association’s Research Office, which also estimated the market effect in the month at +0.3%.
In detail, the inflows towards i funds open they amounted to +3.33 billion euros, of which +2.22 billion euros relating to bond products. In August, equity funds also turned positive, picking up 635 million euroswhile balanced and flexible recorded outflows of 530 and 495 million euros respectively. Furthermore, monetary funds raised 1.5 billion euros. The balance sheet of the companies is also positive managements portfolio at +1.54 billion euros, of which 1 billion euros raised by institutional management and 536 million euros by retail ones.