In December the Italian asset management industry filled up, achieving positive inflows of 10,3 billion euro, almost triple the November result (+3,6 billion). 2019 therefore ended with record assets under management of 2.288 billion. The numbers are contained in the monthly map of Assogestioni.
In detail, it was above all what pushed the race in December portfolio management, which achieved net inflows of +6,45 billion (from 2,1 billion in November), for a total of 65,7 billion in all of last year.
for collective management, on the other hand, the balance of funding in December was +3,8 billion, after +1,6 billion in November, for a total of +6,9 billion over 12 months.
I open funds they totaled +3,2 billion, up from +1,2 billion in November, to a total for the year of +3,8 billion.
For the closed-end funds the balance amounts to +576 million, after +313 million, to a total of +3,1 billion in 2019.
They were the bond funds to win by far the primacy of investor preferences with +2,3 billion (after +942 million), for a total of +13,6 billion for the year.
In December, the balance of flows on equity funds is positive, with +560 million (after +643 million in November), but the balance of movements for the year is negative by almost 3,4 billion.
I balanced they add another 416 million to net flows (after +697 million) and close 2019 at +4,7 billion.
The return of the plus sign in premium income at the end of the year (+226 million in December after +246 million) does not, however, save flexible funds from the deep red (-11 billion) with which the 12 months of 2019 closed.
I funds they still record outflows, with -205 million (after -1,1 billion) and the balance for the year, while remaining positive, dwindles to +979 million.
