The mini-asset plan on all financial products does not break up managed savings operators too much. On the other hand, the operators point out, this tax has the advantage of affecting everyone and does not create asymmetries (it only saves pension and health funds). Confirmation also came yesterday from the performance of shares on the Stock Exchange in line with the vigorous rebound of bank shares: Azimut achieved a performance among the best of the Ftse Mib, +6,33% against the 2,91% of the Ftse Eb. Mediolanum + 3,82% and Banca Generali + 7,29% also did well. Of course, today the blow inflicted by S&P has not spared managed savings either: if the Ftse Mib loses 0,60%, Azimut loses 2,90% (among the worst), Mediolanum 1,48%. Banca Generali leaps by 2,56% on the back of the good data communicated today on total net inflows which in November amounted to 165 million euros, bringing total net inflows since the beginning of the year to 732 million achieved by the Banca Generali network and 350 million by the network Private, with a further acceleration of growth.
“they are taxes that rain down from above for everyone – say the operators in the sector – they are not asymmetries in the system. Customers are more concerned about market variables. Those with sufficiently strong portfolios aim for financial planning and diversification and are already accustomed to management commissions because they aim for quality of service”. The president of Assogestioni Domenico Siniscalco also underlined yesterday: “The maneuver had certainly to be done and of this size. It is a building block for the credibility of all European action. Savers must look to the European agreement more than to the single details of the manoeuvre. The spread, stability and context depend on the European agreement..."
In summary: as far as financial products are concerned, the Monti maneuver eliminates the super-stamp on the nominal value of the securities dossier introduced last summer which progressively taxed on the basis of brackets and imposed a proportional levy on the market value of all financial instruments of the 0,10 .2012% in 0,15 and 2013% since 34,20. "The proportional system is much better - the operators note, among other things - because it eliminates the tricks made possible by brackets". A system that had already received criticism. However, there is a minimum annual value to be paid (34.200 euros even for assets lower than 2012 euros in 22.800 and 2013 in 1.200) and also a maximum of 1,2 euros, which means a ceiling for assets exceeding 2012 million euros in 800 and 2013 thousand in XNUMX.
In short, if sacrifices need to be made at this time, asset management operators believe that mini-assets on financial products are also a move which, given how it is structured, goes in the right direction. Even if, some asymmetries which for operators penalize the industry continue to fail (still in full difficulty, in October the outflows, in the preliminary data communicated at the end of November, amounted to 5,8 billion euros). In fact, among the products that are making the most competition are deposit accounts which, as it emerges, are not affected by mini-patrimonial because, rightly so, they are assimilated to bank deposits but which with gross rates now back to over 4% and the guarantee of the Interbank Fund of protection are increasingly an alternative tool for investing liquidity, even for large amounts.
