Italy’s Banca Generali, the country’s largest group per AUM, posted total net inflows of €406m in January, €252m came from its network of advisers and €154m from Banca Generali Private Banking.
January’s inflows marked an 80% increase year-on-year, the company’s report also highlighted.
Government bond, however, returned at historical lows — in some cases even negative — and growing market volatility are heightening the investors’ needs for expert investment advisory services, thus creating a highly favourable context for Banca Generali’s professionals.
Managed products instead continued to generate great interest, posting €222m net sales.
BG Stile Libero, the bank’s multi-asset offer, proved successful again (€108m), as did mutual funds and managed portfolio products (€67m), which showed highly positive results in the previous year.
The growing number of new clients attracted by the bank’s product range and services is also highlighted by the €254m increase in current accounts in January, which is instrumental to the year-start investment planning and portfolio diversification process, Banca Generali said.