Net inflows drop by managed savings. After 28 uninterrupted months of growth, in June, in the wake of Brexit, the sector recorded net outflows of €5,54 billion against the net collection positive for 3,17 billion in May. The balance since the beginning of the year, according to the Assogestioni note, would amount to 27,59 billion euros, while shareholders' equity stops at 1.867,4 billion.
In June the collective management they recorded net outflows of €3,01 billion against positive net inflows of €2,36 billion in May. Open-ended funds also fell, to -3,12 billion from the +2,41 recorded in May, while the balance of closed-end funds was positive by 41 million euro.
In June, portfolio management closed at -2,46 billion (from +805 million in May), deriving from -471 million from retail (after -256 million) and from -1,99 billion from institutional (after +1,06, 4,5 billion). Some large shifts weighed on the general trend, such as -3,7 billion in net outflows for the Generali group and -XNUMX billion for Credit Suisse.
