Swiss Life group has announced the record of €1,256m net inflows for its third-party management business in France in 2014.
Allocations registered by Swiss Life AM from both institutional and retail investors accounted for €437m.
The firm explained that the appealing of its range of diversified funds, including its flagship fund SLF (F) Defensive, has contributed importantly to the inflows.
In the meantime, its real estate investment subsidiary, Swiss Life REIM, boarded €819m of net inflows. Two property collective investment schemes (OPCI) targeting institutional investors have been launched last year, on hospitality and on establishments providing care for the dependent elderly (EHPAD).
As at 31 December 2014, the AUM of Swiss Life Group France for its third-party management business reached €13.2bn, up 14% year-on-year.
For its own insurance companies, Swiss Life France managed €25bn of assets as of 31 December 2014, up 19%. Net yield reached 3,9% in 2014.
Swiss Life France net income group share amounted to €178m in 2014, up 13% and turnover reached €4.16bn, up 10%.