In June, the figure recorded by Assoreti indicates positive net inflows for the networks of financial advisors authorized for door-to-door selling, equal to 5,1 billion euro. Funding volumes are concentrated on asset management products, for an amount equal to 3,1 billion euro, while movements on administered products see the prevalence of revenues for 2,0 billion euro. The financial statements for the first six months show total net inflows of 21,6 billion euro, up by 26,5% compared to the first half of 2016: 87,3% of the net resources raised are invested in collective investment undertakings, individual management and insurance/pension products (36,5% in 2016), for a total value of 18,9 billion euro.
The net funding achieved in June, through the direct distribution of UCI units, is positive for 1,7 billion euro: 74.8% of net resources are invested in foreign UCITS, for a value equal to 1,3 434 billion euros, while the balance sheet of collective management under Italian law is positive for 1,0 million euros. The resources allocated to the insurance/pension sector amount to just over 537 billion euro, with the concentration of net premiums on products with a higher financial content. In particular, unit-linked policies recorded the highest volumes of net premiums, equal to 441 million euro, while net premiums paid on multi-class policies amounted to 36 million euro; net investments in traditional life policies amounted to 393 million euro. The monthly balance of individual asset management is positive for 354 million euros: net funding is concentrated on GPF, for an amount equal to XNUMX million euros.
The monthly contribution of the networks to the open-end UCITS system, through the direct and indirect distribution of units, therefore amounts to more than 3,0 billion euro, equal to 38,4% of the total net resources flowing into the system funds (7,9 billion euros). Since the beginning of the year, the contribution of the networks has thus risen to 17,1 billion euros, representing 39,2% of the total net investments made in open collective management (43,5 billion euros).
Net inflows from administered securities were positive by 2,0 billion euro. The data, for which a breakdown is available, highlight the prevalence of purchase orders on shares, ETFs and money market instruments, while the balance of movements is negative for debt securities and certificates. The collection of savings in the form of liquidity is negative for 29 million euros.
At the end of the month, the first customers holding contracts rose to 3,954 million. The number of financial advisors authorized to the OFS, with mandate from the companies included in the Assoreti survey, is equal to 22.489 units (25.028 units for the entire team - estimated figure); of these, 22.172 units are actually operational (with portfolio > 0).
