(Finance) – A November the Consulting networks achieve net collection volumes per 2.5 billion euros. The balance sheet on the products of the savings managed on which net investments of 600 million euros are made, with the involvement of all product macro-families. The net resources allocated to administered financial instruments, equal to 800 million euros, recorded a sharp reduction as a consequence of a greater volume of movements out of public bonds. There collection clear on current accounts And deposits it is positive for 1.1 billion euros. The balance from the beginning of 2023 it will therefore rise to 38.1 billion euros with a limited decline compared to the previous year (-3.7% y/y).
“The result of the Networks in November confirms the attention of the consultancy system, marking a return to managed savings products. The contraction in investments in government bonds represents, on the other hand, an expectation of a trend reversal” he declares Marco TofanelliGeneral Secretary of the Association.
There distribution direct of units of mutual investment funds determines positive net volumes for 283 million euros. Investment choices favor bond funds (313 million) and flexible funds (123 million) while on balanced funds the prevalence of redemptions continues to be observed (-357 million). The net resources allocated to managements assets individual they amount to 122 million; the net investments made in GPM (160 million) largely offset the overall outflows from asset management in funds (-38 million).
The insurance sector recorded a positive balance of 76 million; the balance is positive for traditional life products (87 million) and for multi-line policies (119) while there are still net outflows from unit linked (-130 million). Net collections on pension products are positive for 119 million. In the month of November, therefore, the overall contribution of the Networks to the system of UCI opened, through the direct and indirect distribution of shares, is once again positive and equal to 275 million euros, compared to overall outflows for the entire fund system quantifiable at 2.3 billion euros. The contribution of the Networks since the beginning of the year therefore rises to 2.1 billion compared
to a negative fund industry figure of 19.4 billion.
Within the financial instruments administered, the prevalence of exits from government bonds, between sales and maturities, with a net outflow of resources of 982 million. The balance negative of public bonds is offset by the net resources invested in corporate bonds (1.5 billion) which therefore determine an overall budget, for all debt securities, equal to 499 million euros. Positive flows also for certificates (275 million) and exchange traded products (155 million)