In November, the figure recorded by Assoreti indicates positive net inflows for the networks of financial advisors authorized for door-to-door selling of approximately 2,2 billion euro. The cyclical decrease in funding volumes is attributable to the divestments made on administered products (-858 million euro), while the net resources allocated to the asset management sector increased (+9,3%), for an amount equal to 3,0 .35,2 billion euros. At the end of November, the total net flows of the networks amounted to 33,0 billion euro, a value higher than that achieved in the entire previous year (XNUMX billion).
The growth in managed savings involves the macro categories of insurance/pension products and individual asset management. Overall net payments on insurance policies amounted to 1,1 billion euro, with a 45% increase in the economic situation: net investments on insurance products with a higher financial content increased by 41%, for a total value of 878 million euro, while traditional life policies recorded net premiums of €187m (+71%). The flow of resources destined for individual asset management almost tripled (408 million euro): the growth involves both asset management in funds, with net investments of 276 million euro, and GPMs on which net funding is equal to 132 million of Euro.
On the other hand, the volume of deposits achieved through the direct distribution of UCITS shares decreased, although remaining at significant levels (1,5 billion euro). In particular, investments destined for open collective management under foreign law amount to 1,1 billion euro, while the balance sheet of funds under Italian law is growing and positive for 329 million euro. The monthly contribution of the networks to the open-end UCITS system, through the direct and indirect distribution of units, therefore amounts to 2,6 billion euro, equal to 39% of the total net resources transferred to the fund system (6,8 .28,5 billion euros). Since the beginning of the year, the contribution of the networks has thus risen to 40 billion euros, representing approximately 71,4% of the total net investments made in open collective management (XNUMX billion euros).
Net inflows from administered securities were negative by 319 million euro. The data, for which a breakdown is available, highlight the prevalence of purchase orders on shares, exchange traded products and money market instruments, while sales involve debt securities and certificates. The cash balance is negative by 540 million euros. At the end of the month, the first customers holding contracts rose to 4,036 million. The number of financial advisors qualified for the OFS, with a mandate from the companies included in the Assoreti survey, is equal to 22.445 units (24.984 units for the entire team – estimated figure); of these, 22.137 units are actually operational (with portfolio > 0).
