BANCA GENERALI S.P.A. PRESS RELEASE
CONTACTS:
www.bancagenerali.com
Media Relations
Michele Seghizzi Tel. +39 02 6076 5683
Michele.seghizzi@bancagenerali.it
Investor Relations
Giuliana Pagliari Tel: +39 02 6076 5548giuliana.pagliari@bancagenerali.it
August net inflows: €241 million
(€3.8 billion YTD)
Net inflows of managed products: €162 million (€2.0 billion YTD)
Milan, 11 September 2018 - Banca Generali's net inflows amounted to €241 million in August, bringing the YTD total to €3.8 billion.
Net inflows from managed assets continued to be chiefly generated by solutions that offer more flexible protection, such as the innovative Sicav LUX IM, which exceeded €350 million net inflows in just over four months, and financial and insurance 'wrappers', which totalled €1.0 billion YTD. Overall net inflows of managed products reached €2.0 billion in eight months, with over €160 million in August.
Market uncertainties also continued to encourage deposits and AUC in general (€1.8 billion YTD; €79 million in August). The ongoing increase was driven by the acquisition of new customers who in light of current volatility and speculations prudently postpone portfolio investment decisions.
Assets under Advisory further increased, reaching a total of €2.3 billion.
Chief Executive Officer Gian Maria Mossa stated:"Despite the complex market scenario and the customers' heightened risk aversion, August was yet another month of growth. In addition to AUC solutions, financial advisors chose our versatile wrappers of managed products and our innovative LUX IM solutions to increase diversification and protection. In light of recent weeks' volatility, we adopted a more defensive approach for our customers' portfolios, with an increasingly important role of our analysis of households' overall wealth. The positive start of activity in September enables us to look towards the last part of the year with confidence."
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NET INFLOWS AND LIFE NEW BUSINESS IN AUGUST 2018
Mutual Funds |
Managed Portfolio |
Mutual Funds and Managed Portfolio |
Life Insurance |
Managed Assets |
Non Managed Assets |
Total |
Mutual Funds |
Managed Portfolio |
Mutual Funds and Managed Portfolio |
Life Insurance |
Managed Assets |
Non Managed Assets |
Total |
Life New Business |
Life New Business |
Life New Business |
Aug 2018 | Jul 2018 | Abs. Chg | |
94 | 56 | 38 | |
-60 | 10 | -70 | |
34 | 66 | -32 | |
128 | 165 | -37 | |
84 | 132 | -48 | |
162 | 231 | -69 | |
79 | 179 | -100 | |
of which: Securities | 74 | 86 | -12 |
241 | 410 | -169 | |
Jan-Aug 2018 | Jan-Aug 2017 | Abs. Chg | |
708 | 1,210 | -502 | |
201 | 1,771 | -1,570 | |
909 | 2,981 | -2,072 | |
1,126 | 1,279 | -153 | |
of which BG STILE LIBERO | 822 | 1,160 | -338 |
2,035 | 4,260 | -2,225 | |
1,769 | 511 | 1,258 | |
901 | 223 | 678 | |
3,804 | 4,771 | -967 | |
Aug 2018 | Jul 2018 | Abs. Chg | |
217 | 282 | -65 | |
Jan-Aug 2018 | Jan-Aug 2017 | Abs. Chg | |
1,985 | 2,153 | -168 |
Million of Euros
of which BG STILE LIBERO
of which: SecuritiesThe Manager responsible for preparing the company's financial reports (Tommaso di Russo) declares, pursuant to Paragraph 2 of Art. 154-bis of the Italian Consolidated Law on Finance, that the accounting information contained in this press release corresponds to the documentary results, books and accounting records. Tommaso di Russo (CFO of Banca Generali)
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Banca Generali S.p.A. published this content on 11 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 September 2018 15:46:06 UTC
