Italy's independent asset manager Azimut has posted total net inflows of €384m, bringing total AUM to €23.3bn.
Italy’s independent asset manager Azimut has posted total net inflows of €384m, bringing total AUM to €23.3bn.
October’s inflows brought total net inflows since the beginning of the year to €2.5bn.
Azimut Holding is also undergoing a strong period of expansion and has recently acquired businesses in Singapore and Brazil, which added further €217m to the firm’s revenues.
Total AUM stood at €20.8bn, +18.9% compared with the AUM at the start of the year. Including assets under administration, total AUM came at €23.3bn.
Azimut’s CEO Pietro Giuliani (pictured) commented: “The extraordinary figure of this month comes from the strong commitment of our distribution networks Azimut Consulenza, AZ Investiemnti and Apogeo Consulting, as well as of the important contribution of the Institutional & Business Partner division.”