The "minus" sign returns for the asset management collection: according to the data communicated by Assogestioni, the February balance was negative by 571 million euro, with outflows that primarily penalize open-ended funds and which bring the sector back to 2018 levels, after 2019 had begun in January with net inflows of +55,3 billion. However, it must be said that the boom at the beginning of the year was largely attributable to internal movements of the Poste group and therefore not indicative of the moods of Italian savers, who indeed, apparently, last month they showed again that they prefer redemptions. Assets under management in February, however, increased to 2.123 billion euro, from 2.106,5 billion in January: collective management closed February at -1,43 billion, after +692 million in the previous month; while for open-ended funds there is an about-face to -1,68 billion euros, after the +600 million in January which boded well for a recovery.
Closed-end funds, on the other hand, benefited from a greater appeal, scoring +230 million after +92 million. For portfolio management, net deposits it is positive for 867 million after the +54,6 billion in January “registered” Poste. However, retail slipped into negative territory with -789 million, after +2,1 billion. Institutional ones keep the positive sign with +1,65 billion after +52,5 billion. Among open-ended funds, bonds recorded a revival which led them to close February at +287 million from -1,44 billion in January. The balanced keep the plus sign (+70 million after +187 million), while the outflows on equity (-485 million after +26 million), flexible (-545 million after -1,46 billion) and also on monetary (- 955 million after +3,35 billion). The Italian-registered funds as a whole recorded net inflows of -1,13 billion in February, after -1,14 billion in January. A minus also for foreign funds (-536 million after +1,74 billion).
Managed assets, again on the basis of data released by Assogestioni, in February is divided almost equally between collective managements (1.057 billion, 49,8% of the total from 1.037,8 billion in January, 49,2%) and portfolio management (1.066 billion against 1.069,6 billion). More specifically, open-ended funds total assets of 998,7 billion (47%), up from 978,6 billion in January (46,5%). Closed-end funds continue to hover a little above 58 billion (2,8%). Among portfolio management, retail totaled assets of 126,9 billion (6%), on January levels. Assets held by institutional management, on the other hand, rose from 939 billion (44,2%) to 943,4 billion (44,8%). Among the funds, bonds account for assets of 381,2 billion (38,2% of the total), flexible funds are close to 252 billion (25,2%), equities reach 212,2 billion (21,2%), balanced 113,6 billion (equal to 11,4%, a considerable increase from 101 billion, 10,3%) and the monetary ones mark 36 billion. Assets managed by Italian-law funds amounted to 244,3 billion (24,5% of the total, up from 243,7 billion), while assets headed by foreign funds totaled 754,4 billion (75,5%, from 735 billion, 75,1%).
