Arca SGR, an asset manager owned by 12 cooperative banks, recorded strong growth in total net inflows in 2014, which stood at 2,12 billion compared to 1,25 billion in 2013. Lastly, the results recorded during the first quarter of 2015, during which Arca SGR recorded net inflows of over €1,15 billion, an increase of 78% compared to the same period of the previous year (between January and March 2014 inflows amounted to 646 million). Net income in 2014 amounted to 26,2 million euros, down compared to the result of 31,5 million in the previous year which benefited from an extraordinary tax advantage of 15,3 million, without which profits would have remained to 16,2 million.
Arca SGR, according to a company note, has received authorization from the Supervisory Authority to be able to proceed with the redevelopment and repositioning of its offer in the segment of short-term bond funds which, with the current level of interest rates, do not allow us to offer valid investment solutions to customers. “We are strongly convinced of the need to reposition the offer – he explained the managing director Hugh Loser – just as we were the first asset management company, in 2012, to exit the liquidity and monetary fund sector, we believe we will proceed by no longer offering products in the short-term bond fund segment, as there is no possibility of creating value for savers with this level of interest rates. The offering must be positioned where active management can create value for the subscriber, i.e. in diversified bond funds, balanced and flexible funds and equity funds”.
“We are very satisfied with the overall trend in inflows – concluded Loser – the investments made to improve the service to the networks are starting to produce the expected results and we expect further improvements in net inflows with the launch of the next mutual funds that will invest in real economy and multi-asset balanced funds”.
