Sprint of Banca Generali's net inflows in May: in that month alone, the Leone institute brought home 617 million euros, +52% compared to May 2020, bringing the total for the year to over 3 billion, i.e. exactly a third more than in the first 5 months of last year. The composition of funding continues to be driven by managed solutions (342 million in the month) for a total of 1,95 billion since the beginning of the year, equal to 64% of total funding.
Among the products, the acceleration of the application for financial and insurance containers (156 million in the month, +147% y/y) for a year-to-date total of 837 million versus 146 million last year. Inflows into funds/retail SICAVs were equally confirmed at excellent levels (186 million in the month, 1,1 billion since the beginning of the year) with a strong contribution from LUX IM (94 million, 599 million since the beginning of the year).
In the month of May we also note the growth of assets under administration to 374 million, driven by the acquisition of new customers with a temporary increase in current accounts (228 million in the month, 798 million since the beginning of the year) which is expected to be reabsorbed over the next few months. Demand for the advisory service also remained high and was launched on 132 million new assets (709 million since the beginning of the year) reaching a total of 6,7 billion (+37% y/y, +12% since the beginning of the year ).
“The demand for financial advice – he commented the CEO of Banca Generali, Gian Maria Mossa – remains particularly sustained in general and particularly oriented towards managed solutions. Another month of very strong flows, the result of the great work of our consultants alongside families. The growth we are recording in all the main solutions on offer, certainly first and foremost the distinctive ones in the managed sphere, confirms the versatility of a range that goes well with the consultancy needs of our clients. The growing interest of new bankers and new customers in our reality makes us optimistic about the prospects for the coming months".
