In November Banca Generali recorded total net inflows of 406 million euro. The figure compares with the 373 million collected in November 2019 and with the 614 million in October 2020. By adding up, overall, from January to November, thehe institution led by Gian Maria Mossa raised 5,1 billion euros, against 4,5 billion in the same period of 2019.
According to what can be read in the note from Banca Generali, funding would have been driven the strong growth of managed solutions, reaching 2,4 billion (+65% on an annual basis compared to 1,5 billion last year). In November alone, inflows from managed solutions increased by 36% to 439 million.
Le masses under advanced consultancy (BGPA) reached 5,8 billion (4,6 billion in the corresponding period last year).
The number one of the group, Gian Maria Mossa, commented: “Another very solid month in inflows especially in the managed component which is among the best of the year with an extraordinary growth of 65% compared to the same month in 2019. Despite the critical issues and the uncertainty of the pandemic, we have already achieved a month of anticipation of what was achieved in the entire last year. The attention that comes to us from experienced professionals and from customers with even complex needs, such as companies and entrepreneurs, make us look forward to the end of the year and the beginning of 2021 with confidence". Despite the positive data on funding presented today at Piazza Affari on Banca Generali stock it dropped 1,23% to 27,32 euros.
