Finecobank in May recorded a net inflows of 489 million euros. A figure that represents a decrease compared to the 508,2 million collected in April. Year to date the balance thus reaches 2,7 billion euros, down 7% compared to the same period of 2018, of which €1,1 billion in guided products (+5%).
Going into details, in May managed collection amounts to 36,4 million (972,3 since the beginning of the year), that administered reaches 321,3 million (394,9 since January), while that direct it stands at 131,7 million (1,3 billion the annual total).
Il . total reached 74,5 billion euros, up 7% from May 2018 and from December.
At the end of May, Fineco Asset Management could count on 11,5 billion assets under management, of which 6,5 billion in the retail class and 5 billion in the institutional class. Since the beginning of the year, the bank headed by Alexander Foti 50.680 new customers to 1,3 million, of which 10.729 in May alone (+6% per year).
“The data for the month of May show solid inflows, obtained without resorting to short-term commercial policies – commented the managing director, Foti – The mix is consistent with a more complex market condition compared to last year, which sees savers move towards more conservative solutions, therefore with a more prudent approach”.
At Piazza Affari the Finecobank stock gains 0,88% to 9,376 euros substantially replicating the performance of the Ftse Mib (+0,86%).
