In July General Bank he scored positive net inflows of 528 million euro: the figure is up on the 509 million recorded in June and brings the total since the beginning of the year to 3,34 billion. In this way, the institute surpassed "last year's levels, despite the extraordinary context linked to Covid-19", reads a note.
In detail, in July “they were the Luxembourg Sicav Lux Im is in great demand (110 million in the month, 1,2 billion YTD) and financial containers Bg Solution (57 million in the month) for the personalization profile”.
Furthermore, collection in insurance products it was "particularly sustained", both at the level of BG Stile Libero and Lux Protection Life insurance containers (118 million in the month, 475 million since the beginning of the year) and in traditional policies (141 million in the month, 294 million since the beginning of the year).
Within ofadministered, 50 million structured products and securitizations were issued for a total of 607 million since the beginning of the year. Finally, volumes in advanced advisory services (Bgpa) signaled further growth, reaching 5,27 billion, an increase of 150 million compared to June.
Gian Maria Mossa, CEO of Banca Generali, explains that "the month of July confirms this year's very positive funding trend, with a figure higher than the monthly average for 2020 and showing strong growth compared to the same period last year".
The manager also points out that "the Luxemburg platform Lux Im and all the container solutions contributed two thirds of the managed collection".
