Fund raising abruptly slows down at the end of the year. After the boom of the first six months (with around 20 billion per quarter) and the slight slowdown in the third quarter (16,3 billion), the last three months of 2013 recorded inflows of 5,4 billion euro (-4,8. 2012 billion in the last quarter of 2013). Thus, 62,6 closed at 2012 billion; during the year the outflows of 11,3 (-2011 bn) and 40,8 (-26 bn) were more than recovered. The data emerge from the quarterly map released by Assogestioni, which will hold the annual Savings Fair from 28 to XNUMX March, during which the president of the association will be appointed.
The result for the quarter can be attributed entirely to open funds: Italians raised 1,67 billion (2,37 billion in the third quarter and 10,7 billion since the beginning of the year) and foreigners 4,73 billion (4,62 billion in the third quarter and 35,8 billion since the beginning of the year). 55% of total assets in terms of assets is represented by portfolio management, among which insurance mandates stand out (500 billion assets, equal to 37,5% of the total), retail Gpm and GPF (98 billion) and social security mandates (62 billion). Among collective management, always in terms of assets, open-ended funds dominate with 558 billion of managed assets.
As far as funding is concerned, at the asset class level, the most popular macro-categories were those of flexible funds (+5,7 billion from +5,8 billion in the third quarter, +27,6 billion in the full year) and equities (+3,1 billion, from +2 billion in the third quarter and +5,43 billion in the full year). The most penalized in the last three months of the year were those of unclassified funds (-2 billion, after -29 million in the third quarter and -2,13 billion since the beginning of the year) and monetary funds (-1,4 billion, after the - 1,5 billion in the third quarter and -1,87 billion since the beginning of the year).
