In March, the Azimut group achieved positive net outflows of 521 million, more than double the 247 million in February. The total since the beginning of the year thus reaches 1,3 billion.
The March figure benefited from the consolidation of Spencer Fuller & Associates, the latest financial advisory firm in Australia to join AZ NGA. Net of the consolidation of assets from the latter, the Azimut group achieved positive net inflows of around 380 million in March.
Total assets including assets under administration stood at 54,3 billion at the end of March, of which 42,2 billion refer to assets under management.
“The March data reinforces the extremely positive trend we have been recording since the beginning of the year, bringing total net inflows in the first three months to 1,3 billion euros, more than 50% more than in the same period of 2018” , commented Pietro Giuliani, president of the Azimut group.
At the beginning of the afternoon, Azimut shares were up 0,6%, at 15,925 euros.
