AZIMUT HOLDING S.P.A. (Alliance News) - Azimut Holding Spa reported Thursday that it closed the first month of the year with positive net inflows of EUR400.5 million.
Total assets including assets under administration stood at EUR81.1 billion at the end of January, of which EUR56.2 billion refer to assets under management.
The group also completed an AUD175 million acquisition in January for a financial advisory business, further consolidating Azimut's presence in Australia.
Gabriele Blei, CEO of the group, commented, "With net inflows of EUR400 million, the first month of the new year follows the positive trend seen throughout 2022, albeit influenced by lower client activity, in line with the typical seasonality of January. Thanks to our integrated management and distribution platform, clients benefit from a 4% higher net positive performance since the beginning of the year. We continue to see growing interest in our innovative private markets solutions, in which by now about 40,000 clients in Italy -- about 17 percent -- have already invested and for which we expect further closings in the coming months."
Azimut Holding's stock is trading at EUR23.59 per share.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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