Inflows from managed savings returned to growth in February, thanks to the recovery of mutual funds after they had slowed down in the last six months. Based on the monthly map of Assogestioni, the industry recorded net flows of 9,06 billion compared to 6,1 billion in January.
Of these, 4,6 billion derive from institutional mandates, in line with January (4,9 billion), retail management mandates remain in the red (-112 million after -78 million in January), while 4,5 billion went into open-end funds, up sharply after 1,2 .4,9 billion in January. Inflows, moreover, the prerogative of only foreign law segments which closed the month with almost 360 billion, while flows on Italian law products were negative by over XNUMX million.
Overall, the month's inflows compensated for the correction in the financial markets especially in the first part of the month (which reduced the value of the assets) and so assets under management stood at 1.822 billion at the end of February compared to 1.814 billion at the end of January.
In terms of open funds, the category that collected the most in the month was that of monetary compartments, which totaled 3,3 billion from 1,7 billion in January. A sign that many subscribers have in any case placed their trust in managed savings, but waiting for greater visibility on the markets have parked their savings in liquidity products ready to change their asset allocation.
In the first weeks of February, in fact, volatility remained high on the markets, then sentiment has improved but the unknowns also remained in view of the meetings of the Fed and the ECB, which were held in March and which better clarified the moves of the central banks.
