FinecoBank's net inflows in June amounted to 674 million euros (+48% on an annual basis, 686,4 million in May 2018). Assets under management amounted to 312 million (263,6 million in May), assets under administration stood at 430 million (573 million in May) and direct assets at -68 million (-150,2 million in May) . Direct deposits for the month, underlined a note, "affected by the typical seasonality of taxes paid by customers, confirming that Fineco is increasingly used by its customers as a reference bank".
In June, these taxes amounted to 186 million (258 million a year ago) and a further 113 million will be included in next month's net inflows as the transaction date is July. Net inflows since the beginning of the year amounted to 3,596 billion (+24% on a year-on-year basis) with a mix consistent with the greater volatility recorded on the markets compared to last year: assets under management reached 1,574 billion (-13% compared to the same period of 2017), assets under administration stood at 995 million while direct deposits amounted to 1,027 billion.
