The group Azimuth it closed the month of May with positive net inflows of 164 million euro, coming close to two billion since the beginning of the year.
“During the month, the purchase of the business unit of P&G SGR was completed – reads the press release – one of the major operators in Italy active in the structured credit and ABS segment. The group will thus be able to make use of specific skills for the benefit of its customers, both for the management of existing products and for the development of new products in the future".
Il total mass including assets under administration, it stood at 54,6 billion at the end of May, of which 42,2 billion referred to assets under management.
"The positive figure for the month, which however was affected by the increase in volatility on the lists as well as the disinvestment of a mandate with low profitability from an institutional client - comments Peter Giuliani, president of Azimut – strengthens the results achieved since the beginning of the year, bringing total funding to reach 2 billion euro. Despite the markets, the net weighted average performance to our clients is over +4.3%, well above the market index of our competitors. Finally, I officially welcome Fabiana Gambarota and Luca Peviani, who, with their know-how and experience as founders of P&G, will help us increase the possibilities for our customers to have ever superior and uncorrelated performance from most markets ”.
