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Asset management, Assogestioni: inflows accelerate in February, but assets decline

Equity funds still take the lion's share, while divestments once again prevail over bonds – Balanced funds are slowing down

Asset management, Assogestioni: inflows accelerate in February, but assets decline

Accelerate the Italian industry of managed savings. According to the latest monthly map by Assogestioni, in February, funding was positive for 6,3 billion euros, after the +4,3 billion in January. However, the masses are affected by the performance of the markets, strongly conditioned by the war in Ukraine: managed assets decreased to 2.508 billion lire, from 2.551 billion the previous month.

The driving force behind the collection is still the collective management, which totaled positive net revenues of 4,2 billion, however down from the +5,5 billion in January. In detail, i open funds they slow down from +5,3 to +3,9 billion ei closed-end funds they accelerate from +269 to +316 million.

On the other hand, the performance of the companies was decisive for the balance sheet for the month portfolio management, which mark positive net inflows of 2,06 billion, after -1,2 billion in January. What makes the difference are the institutional mandates, which mark +988 million after outflows of -2,9 billion in January, while retail confirms itself in positive territory, even if downshifting compared to January, with +1,07 billion after +1,7 billion.

In February, savers again favored i equity funds, albeit with less emphasis than in January (+2,17 billion after +2,6 billion). Still consistent interest in i balanced, but also in this case there was a slowdown (+1,5 after +1,9 billion). THE flexible they scored +175 million after -470 million, while on bonds disinvestments prevail again, even if less substantial than in January (-738 million after -1,4 billion).

Overall, i long-term funds recorded net inflows of +3,1 billion in February, up from +2,7 billion in the previous month. On funds monetaryfinally, the flows remain positive, but slower than the January exploit (+767 million after +2,55 billion).

In terms of denomination, in February the funds of Italian law totaled +292 million after -26 million, while i foreign funds they closed the month with a funding balance of +3,6 billion from +5,3 billion in January.

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