General Bank closed the month of March and with a total net inflows of 480 million euros. This was communicated by the institute in a note, specifying that the total figure since the beginning of the year thus rises to 1,5 billion euros.
“Despite the strong volatility on the markets and the consequent prudence in investments - reads the note - the Bank also recorded positive flows in deposits in managed solutions with 101 million in the month (567 million since the beginning of the year)”.
Among these, the best figure was scored by funds (62 million in the month, 213 million since the beginning of the year), supported by tools "such as savings plans and switch solutions to exploit the diversification opportunities deriving from market differences".
The predominant part of the collection of the month was directed towards choices of assets under administration with 383 million, of which 265 million in current accounts.
“A robust result in a complex month due to conflict-related concerns coupled with critical issues such as inflation and central bank policies that kept volatility high,” he commented. Gian Maria Mossa, CEO of Banca Generali – We look with cautious optimism to growth in the coming months”.
At the end of the morning Banca Generali's share on the Stock Exchange it dropped 0,24%, to 32,83 euros. The trend is substantially in line with that of the Ftse Mib, which dropped by 0,16% in the same minutes.
