Italy’s independent asset manager Azimut has started the year with positive net inflows of €290m, €180m of which came from its Luxembourg fund range AZ Fund 1 and AZ Fund Multi Asset.
Total assets under management stood at €27.5bn and including assets under administration reached € 30.9bn.
Riding the wave of positive results, Azimut also launched AZ Real Plus, a fund of the AZ Fund 1 range which invests in Brazilian government bonds and monetary instruments based on short term local interest rates and offering exposure on the Brazilian Real.
Pietro Giuliani (pictured), Azimut’s Chairman and CEO, said: “Following a record 2014 in terms of net inflows, we start the new year with a confident figure in line with the previous months, thanks to organic growth focused on financial advisory to our customers.
“This pace, both on the production and distribution sides, will remain strong even in the following months considering the volatility on the markets and the very low interest rates. In a moment in which clients are more and more inclined to a professional management of their wealth, we continue widening our offering throughout innovative solutions, built and implemented by our portfolio management teams around the world, and alternative products, also thanks to the recent acquisition of Futurimpresa SGR.”