Another setback for managed savings, which in January recorded negative net inflows of 1,51 billion after the -582 million in December 2013 which had marked the end of a positive eleven-month series.
The intercompany transactions linked to Mediolanum weigh on the final result, which led to the exit from the perimeter of the survey of 13 billion euro. According to the preliminary data released today by Assogestioni, portfolio management recorded a loss of 5,4 billion (-3,4 billion in December), the result of -6,4 billion from institutions (-3 billion the previous month) and + 995 of retail (-334 million).
On the other hand, collective management is doing well with funding rising to +3,9 billion from +2,8 billion in December and all attributable to open funds. Total assets rose slightly to 1.334.813 million from 1.332.436 in December. Among the groups with the highest positive net inflows in December are the Generali group (+4,4 billion), Intesa SanPaolo (+1,4 billion), Poste Italiane (which leaps to +1,8 billion). For Azimut +672 million.
A separate discussion for Mediolanum: from 2014 January 13.216 it eliminated the intercompany management mandates from MediolanumVita to Mediolanum Gestione Fondi. The operation, reads the Assogestioni notes, led to the exit from the perimeter of the Assogestioni survey of XNUMX million, recorded as a decrease in managed assets and as negative net inflows in January. The phenomenon is in no way connected to customer disinvestments.
