In June 2017, the Azimut Group recorded positive net inflows of 557 million euro, thus bringing net inflows from the beginning of the year to over 3,4 billion euro.
The funding figure benefited from the consolidation of SDB, the second company acquired in Switzerland through AZ Swiss & Partners. Net of the consolidation of assets from the latter, the Azimut Group achieved positive net inflows of around 152 million euro in June.
Total assets including assets under administration stood at 47,2 billion at the end of June, +8% since the beginning of the year, of which 38,4 billion refer to assets under management.
Sergio Albarelli, CEO of the Group, comments: “Thanks also to the recent acquisition signed in Switzerland, the contribution of foreign activities continues to grow significantly, both in assets and in funding, further demonstrating that international expansion is now also an element essential for our development. The month of June, which in the final data was affected by the divestments of some institutional mandates, saw the completion of the process started at the beginning of the year of closing the repurchase agreement management contracts launched in recent years, confirming the ability of our consultants to focus on solutions high in service. Furthermore, at the end of the month, the second plan to purchase the company's securities was launched which, added to the previous one, involves 1193 participants for a total value (calculated over the entire duration of the plans) of around 34 million euro. Further evidence of the uniqueness of our service model.”
