The 384 million in October are the second best monthly result of 2013 for Azimut which in February had recorded total net inflows of 440,5 million, of which 431,2 million from managed assets. Total assets including assets under administration in October reached 23,3 billion, 20,8 of which refer to assets under management, with an increase of nearly 19%.
"We are very satisfied with the excellent result of October which expresses the value and quality of the entire group and is based on all the work done in the previous months", commented the president and CEO of the Giuliani group, quoted in a note underlining that " this month's extraordinary figure is the result of the strong commitment of the distribution networks, of the important contribution of the Institutional and Business Partner division and of the precious contribution coming from the foreign development strategy”.
On October 10, Azimut completed the acquisition of 50% of the Brazilian Legan, an asset management company specializing in low volatility strategies. On 25 October, Azimut then finalized the acquisition of 55% of Athenaeum, an independent management company in Singapore. At the end of the trading session, Azimut Holding shares gained 1,4% a €18,72 per share.
