Italian manager Eurizon sees €1bn net Q1 inflows, first UK funds

Italian asset manager Eurizon saw net inflows of €1.1bn in the first quarter, with a 13.4% jump in AUM to €354bn over the last year to 31 March 2021. The Intesa Sanpaolo Group-owned asset manager highlighted a continued growth trend for its 49% owned Chinese company Penghua Fund Management with assets totalling €116.2bn, which saw 13% growth since the beginning of the year and 30.7% over the twelve months, to exceed €10bn of net inflows over the quarter. European countries also grew assets with net inflows exceeding €450m in the first three months of the year. In the UK, its first ...