The Italian asset management industry closed the first quarter with inflows of 20,22 billion euro, a sharp increase both compared to the 4,9 billion loss recorded in the last three months of 2012 and against the -3,2 billion of the first quarter of last year. This was communicated by Assogestioni, emphasizing that the latest figure is the best since the first three months of 2010.
The result is linked both to the 13,95 billion euro inflows from collective management, i.e. open-ended and closed-end funds, (1,57 billion in the previous quarter), and to the +6,28 billion from portfolio management, which had weighed heavily in the previous quarter, when they were in the red for 6,5 billion. As for assets, in March 2013 it exceeded 1.230 billion, from 1.194 billion at the end of 2012.
