Funds, top collection since 2017: PIRs are doing well, sustainable boom
In the third quarter, net inflows reached 18,5 billion, while in the 9 months subscriptions reached 70 billion euro, marking the best result since 2017
The rebirth of the Pir: will 2021 be the year of redemption?
After having lived through two difficult years due to the continuous revolutions imposed from above, in 2021 the collection returns to positive - Alternative PIRs are doing well - What prospects for the future?
Discounts on Pir and foreign funds, the tax news in action
In the financial sphere, the tax package of the 2021 budget law introduces tax relief on foreign funds and a tax credit for losses on Pir - News coming also for the Euribor
Alternative PIRs: Kairos enters the market with a new fund
Kairos launches Kais Renaissance Eltif, a closed-end alternative investment fund that fits into the alternative PIR market launched by the relaunch decree - Here are all the features of the new product
Pir: the threshold of 30 thousand euros a year is gone
An amendment to the relaunch decree provides for the cancellation of the annual threshold of 30 thousand euros for the Pir - The ceiling of 150 thousand euros remains in the five-year period
Alternative PIRs, managers: "They will help the growth of SMEs"
During a streaming event organized by Assogestioni, the managers promoted the alternative PIRs introduced by the Relaunch decree with full marks, highlighting the greater attention that the market will thus be able to reserve for small and medium-sized enterprises
Alternative PIRs and traditional PIRs: the 5 (important) differences
With the relaunch decree, the PIRs split in two. Investors will be able to choose between traditional plans and alternative plans: here are the most important differences (and similarities) and the main innovations introduced by the new legislation
Funds, the coronavirus sinks funding: -12 billion in the first quarter
According to Assogestioni's quarterly map, the asset management industry is paying the consequences of the coronavirus, but also the previous uncertainties of the macro-economic situation
Pir, here are the new rules: back to basics and news
Unanimously approved an amendment that eliminates the restrictions on PIRs introduced last year, also establishing changes expected by the market - Here's everything you need to know.
Duties, the US-China agreement is near. The Pir are back in Milan
It was President Trump who communicated that the agreement on tariffs is now one step away - The House removes the restrictions on the Pir which give impetus to the Star index of Piazza Affari - Football fever explodes
Funds: third quarter funding +9,5 billion, Pir in the red
The asset management industry regained its brilliance in the third quarter, with clearly positive inflows, after the negative sign of the previous three months and with record volumes. Based on the Assogestioni map, the quarter in September marked a…
Savings, Pir stalled. Corcos: “Going back to the old rules”
The president of Assogestioni Corcos asks the Government to modify the rules on PIR introduced by the old majority: "Remove the constraints on AIM and Venture Capital".
Etf Pir in liquidation: the new rules are sinking the market
Three of the six PIR compliant ETFs closed their doors less than two years after their inception
Pir, decree in the Gazzetta: here's what changes with the new rules
The implementing decree has finally arrived which contains the new rules for those who want to invest in PIRs in 2019 - Here's what changes
Pir, the 2019 Maneuver paralyzes the market: stop to investments
Investments stopped from 1 January 2019 - The new rules introduced by the Government do not please the managers who are waiting for the implementing decrees to understand what to do - Assogestioni raises the alarm: the new restrictions do not ensure compliance with the requirements…
Savings, stop the PIR: the implementing decrees are missing
The lack of decrees implementing the new rules on Individual Savings Plans (PIR) has blocked these new financial investment instruments dear above all to families and risks procrastinating the paralysis for months
Stock exchange: AIM Italia, a record 2018 with 26 IPOs
There are now 113 companies listed on the Piazza Affari index dedicated to SMEs, with total funding exceeding 4 billion and a capitalization six times greater than that of the period prior to the PIRs.
Borsa, AIM: the PIRs hold 25% of the free float
Over 200 institutional investors took part in the AIM Investor Day, organized by IR Top Consulting with the support of Borsa Italiana - Mediolanum, Kairos and Momentum the top three investors on the AIM Italia market, dedicated to SMEs - In 2018 Ipo…
Asset management, funds recovering: 4 billion in the third quarter
According to the Assogestioni map, after the outflows in the second quarter, funds raise 4 billion in the third - Portfolio management is good, bonds are bad, PIR compliant funds are slowing down - Funds raised at 13,8 billion from the beginning of the year.
Pir: Cattolica Assicurazioni launches Idea Italia
The new Pir has been available in Cattolica group agencies since 25 September
Savings, the Cir and their weak side: the Pir prove it
Inspired by the PIRs and yearning for their success, the Lega-M5s government would like to launch Individual Savings Accounts to channel savers' money into government bonds - But if Italy's risk continues to rise, bankruptcy is…
Funds: negative deposits of 5 billion in the second quarter, but good PIRs
According to the asset management map published by Assogestioni, in the second quarter of 2018, the PIRs recorded net inflows of €1,35 billion. Positive data albeit down compared to the 1st quarter.
Aim Italia: IPOs doubled and booming growth in 2018
The number of listed companies has risen from 83 to 108 in one year, while capitalization has reached 7,7 billion euros and funding has risen to 4 billion - IR Top Consulting's analysis shows the…
Pir, collection slows down in the 1st quarter of 2018
The quarterly map of Assogestioni shows that, after the success of 2017, the collection of PIRs is starting to slow down, which settled in the first quarter at 1,98 billion - The general collection of managed savings is also slowing down, stopping at 13,9 billion…
Syria and the Fed scare the stock exchanges and oil flies
The winds of war disturb the markets and the euro and gold rise - Even BTPs are on the rise: today a new auction - CDP at 4,2% in Telecom Italia - The PIRs have brought in half a million new customers of the funds…
Eurizon launches the first all-Italian Green Bond
The asset management company of the Intesa Sanpaolo group has launched the Eurizon Fund - Absolute Green Bonds, which makes it possible to finance projects linked to the environment - Andrea Conti, Eurizon's Macro Research manager, at the Savings Show: "No bubble on PIRs, the…
Doris and Tamburi: "Another story begins on the stock exchange with the PIRs"
The boom in Individual Savings Plans (PIR) has benefited the prices and trading of small cap stocks on the Stock Exchange, but there have been few freshmen - But now phase two begins - Ennio Doris (Mediolanum): "…
Investing in Pir: clarifications from the tax authorities
The Revenue Agency has published a circular on the Pir in which it explains how to return to the tax exemption and how to behave in the event of a transfer or refund before 5 years.
Pir, 2017 standings: Intesa Sanpaolo pink jersey ahead of Mediolanum
In 8, with 2017 funds, the Intesa Sanpaolo group conquered the primacy of funding in the PIRs with a total of 2.695,5 million euros (partly raised by Eurizon and partly by Fideuram), ahead of Banca Mediolanun, for…
Lambiase (IR Top): "300 SMEs on the stock exchange by 2020: going public is cheaper than borrowing from the bank"
According to Anna Lambiase, CEO of Ir Top, equity markets partner of Borsa Italiana, the arrival of the PIR and the tax credit for IPOs pushes small and medium-sized enterprises to list on the Stock Exchange, especially in the AIM segment: "In 2018 …
Funds, the collection goes up. Record pir: almost 11 billion in 2017
Overall net inflows in the fourth quarter were +17,3 billion euro: lower than in the third quarter, but brings total assets under management close to 2.100 billion - Consob intervenes on asset management costs…
Eurizon: profit +39%, Pir collections approaching 2 billion
At the end of 2017, the total assets of the Intesa Sanpaolo group company specialized in the management of products and services for retail and institutional customers amounted to 388,7 billion euro.
Italian real estate funds: here's how they invest
Analysis by the Department of Economics and Business Sciences of the University of Parma in collaboration with Caceis Bank - The tendency to mainly hold unlisted financial instruments is consolidated. The share of real estate assets remains higher than investments in financial instruments…
Exchange, the Pir funds hold 23% of the average free float of AIM
This was revealed by the AIM Observatory of IR Top, Borsa Italiana's Equity Markets Partner - One year after the introduction of individual savings plans, here are the advantages for the AIM segment.
Pir: 2017 is the year of Individual Savings Plans. Here is the budget
FROM THE ADVISE ONLY BLOG - From the point of view of managed savings, 2017 will be remembered as the year of Individual Savings Plans. We have made an overall assessment.
Pir, 2017 funding over 7,5 billion
Among the 30 groups that promote Pir compliant open-ended funds, Intesa Sanpaolo is the first for flows since the beginning of the year with 1,93 billion - Record assets for the entire asset management industry: 80,5 billion since the beginning of 2017
Cars, oil and tech push stock markets to the top. Piazza Affari over 23.000
While awaiting the verdict on the Fed's monetary policy, European stock markets are all up. In Milan, the Ftse Mib is at its highest since 2015. Euro down against the dollar, the Btp-Bund spread decreases. The team's rally continues...
Pir, Mef: "Collections could reach 10 billion in 2017"
"The PIRs have been a spectacular success in terms of funding. We expected 1,8 billion a year, according to some projections that we deem realistic we could reach 10 billion a year", said Fabrizio Pagani.
Borsa, like the Pir formula for the brick
Moderately positive price lists in Europe. In Italy, all eyes are on the ECB meeting on Thursday and on the council of ministers on Friday which could decide on the governor of Bank of Italy. Real estate stocks are up, driven by the possible extension of tax breaks. Italgas leads…
ETF with the most clicks: superstar Lyxor FTSE Italia Mid Cap Pir
From the website Morningstar.it - Pir, robotics and the water sector are confirmed at the top of the ranking. But readers are also interested in global equities and emerging bonds and the healthcare sector.
Credit, Rossi (Bank of Italy): "Pir and Spac are good, but more is needed"
The CEO of Bankitalia at Credit Day: "Pir and Spac are interesting signs, they need to take root. Even small businesses must turn to non-bank entities or directly to the market for their financial needs".
Managed savings: the momentum of the Pir beyond expectations
From FOCUS BNL - The asset management market grows non-stop for the sixth consecutive year and exceeds the all-time high of 2 trillion euro of assets - Full success of the individual savings plans that aim…
Pir: Kairos also enters the market
Kis Italia Pir arrives on the market, on which three management teams will work
Anima, 115 million raised in August also thanks to the PIR
The asset management group recorded a positive performance also in the traditionally difficult month of August, but compared to 2016 there are about two billion missing. Decisive for the result with plus sign the role of the individual plans of…
Funds: collection accelerates thanks to the Pir
Net deposits in the second quarter, Assogestioni communicates, exceeded 29 billion also thanks to the PIR phenomenon on which a request of 4,3 billion was poured. Net worth sets a new record and is approaching…
iShares launches the new ETF dedicated to PIRs
Blackrock's ETF platform listed a new ETF on Monday that replicates the FTSE Italia PIR Mid Small Cap index or buys the securities that make up the index.
Pir beyond expectations: 5 billion raised in 6 months
Individual savings plans are accelerating and can reach 10 billion in funding in 2017, breaking the forecasts of the Ministry of the Economy itself, which imagined that the new financial instrument, introduced by the latest Budget law, could collect…
Azimuth: collection goes up, Pir is coming
In July, the group launched two new sub-funds of the Luxembourg multi-segment fund AZ Fund 1, AZ Fund Italian Excellence 3.0 and AZ Fund Italian Excellence 7.0, also intended for the establishment of PIRs.
Pir, JP Morgan enters the Italian market
The new product for the Italian market has an aggressive risk profile, classified with a level 5 - Lorenzo Alfieri, Country Head for Italy: "With this new product we intend to make available to investors our excellent and proven…
Bosser (Generali Italia): "The insurance-based PIR is new: reliable and profitable"
WEEKEND INTERVIEW with Giancarlo Bosser, top of Generali Italia who explains the characteristics and strengths of the Pir just launched by the Trieste company: "It is an insurance investment solution. The presence of Gesav allows risk control for…
SMEs on the Stock Exchange, Sit's plans after the debut: “Acquisitions. And then the Star"
Interview with Federico de' Stefani, executive president of Sit, who recently landed on the Aim - "The listing was a fundamental step. Strong growth prospects in the digital gas meter sector" - "The contribution of the PIRs goes…
Lambiase (Ir Top): "Pir, a rain of 3 billion on listed SMEs"
INTERVIEW WITH ANNA LAMBIASE, CEO OF IR TOP - "In just over six months, the same quotations and the same inflows were achieved as in the whole of 2016. By the end of 2017 there will be 50 new companies listed on the Aim" - Foreign investors are back: …
SMEs, boom on the stock market thanks to PIRs: record collections and race for IPOs
According to data from the AIM Italia Observatory presented in Milan by Ir Top, Borsa Italiana's equity markets partner, the individual savings plans have increased the revenues of the 83 companies listed on the AIM, the segment of the Stock Exchange dedicated to SMEs,…
Generali Italia launches a new Pir
It's called GeneraCrescITA and is made up of 85% of the investment line chosen by the customer between two options, consisting of a different mix of funds, and the remaining 15% of the more traditional insurance component represented by Gesav, the separate management…
The PIRs push the IPOs: possible 59 listings by 2018
The prediction is from Ir Top Consulting: "A virtuous circle could be established, aimed at channeling new capital in favor of small and medium-sized entrepreneurs"
Pir and coupon funds protagonists of managed savings
FROM MORNINGSTAR.IT - They are the tools that collect the most in Italy - Most of them were launched in the last year - Here's who moves the domestic asset management industry. And who loses market share.
Pir: insurance companies want to increase investments from 10 to 30%
A confrontation has already begun between ANIA and the Treasury - The companies' goal is to reduce the risks for customers with respect to investments in mutual funds.
Pir: six new indices on the stock exchange dedicated to individual savings plans
Six new PIR compliant indices focused on small and mid-cap Italian companies - The success of the PIRs continues, the shares traded interested in the indices are at 271.
Pir: in 6 months they pushed Aim towards stellar rises. that's how
The arrival of individual investment plans has boosted the quotations of the Stock Exchange segment dedicated to small and medium-sized enterprises which has grown by 29,22% from December 2016 to today: almost triple the Ftse Mib. Benefits also for…
Banca Mediolanum: 311 million deposits in May
Flows were significantly supported by the success of Banca Mediolanum's Pir funds - Net inflows into funds and management rose to 617 million
Anima: in May the collection jumps to 680 million thanks to the pir
Total assets under management at the end of May 2017 amounted to over 75,1 billion euro, with an increase of approximately 5% on the figure at the end of May 2016, with open-ended funds amounting to 52,65 billion (+3,9% ) and the…
Euromobiliare Am Sgr launches two new Pirs
The Asset management company of the Credem group makes two new products available for placement: one focuses on the equity segment, the other on the bond segment.
Barrese (Intesa Sanpaolo): "In the Banca dei Territori the future is already today"
WEEKEND INTERVIEW with STEFANO BARRESE, head of the Banca dei Territori Division of the Intesa Sanpaolo group: "Trust and responsibility are not optional but are the essence of a banking model like ours which has put…
Pir, minors exempt from taxes but not always
Even minors can be holders of individual savings plans and be exempt from taxes on the related capital gains but the tax relief risks not being valid if at the time of collection after 5 years the minor is still a minor and the…
Amundi's PIRs collect 125 million and 13.000 customers in two months
With two products, distributed by Crédit Agricole Italia, the French asset management giant achieves excellent results
Pir, savings and stock market: the boom is just the beginning. Analyst estimates
The positive results obtained by the PIRs to date are there for all to see and, based on estimates, this could be just the beginning - In the wake of the new MEF forecasts (10 billion in 2017), Equita Sim and…
Pir and private banking, the Assosim conference
“Italy that wants to grow: PIR and Private Banking” was the first conference that simultaneously involved producers and distributors of Individual Savings Plans, to address some issues still little known to the public.
Milan discounts the coupon detachment. The Pir effect pushes Mediolanum and Fineco
The European stock exchanges are cautious and await the conclusion of the Eurogroup. Piazza Affari penalized by the shower of dividends in payment otherwise it would be on the rise. Saipem among the best thanks to rising oil; the grouping of shares starts today. Positive banks…
Pir, how they work and when the tax breaks are triggered: a decree clarifies
FROM THE ADVISE ONLY BLOG - They have just been born and are already achieving undoubted success. Now a government decree clarifies all the doubts, starting from who can activate an individual savings plan and how the…
Eurizon toasts with the Pir and grinds profits
Intesa Sanpaolo's management company closed the first quarter of 2017 with an increase in assets under management and inflows exceeding 5 billion euro. With Eurizon Progetto Italia raised 800 million since 28 February. The CEO Tommaso Corcos underlines the…
The PIRs make Banca Mediolanum's funding fly
The excellent results of Banca Mediolanum's funding are supported by the Pir - Doris's institution has launched two funds, whose total funding is already over 650 million euro.
More Pir for pension funds and funds: from individual plans to institutional savings plans
The Government plans to extend the range of action of the PIRs to pension funds - The aim is to convey pension savings to small and medium-sized Italian companies - Casero, Deputy Minister of Economy: "They will be renamed as Plans…
The PIRs put the turbo on the Italian Stock Exchange
From the Blog Advise Only - The PIRs are experiencing good success just a few months after their introduction. There are few compatible titles, demand is high and their prices are growing rapidly. But it's not all gold.
Montepaschi enters the Pir market
The first Pir financial instrument chosen by Banca Mps is Anima Crescita Italia, a balanced fund set up and managed by Anima Sgr, which invests on average 30% in shares, 5% in liquidity and the rest in bond issues.
Stock exchange: the ETF Lyxor Pir tears up the FtseMib with a stellar rise
The comparison between the two performances is almost merciless. The index that collects Italian blue chips from 1 January to today has gained 6,7% against the +21,5% achieved by the Lyxor Ftse Italia Mid Cap Pir, which…
Pir, Fideuram (Intesa Sanpaolo) launches three savings plans
The three products are Piano Bilanciato Italia 30, Piano Bilanciato Italia 50 and Piano Azioni Italia, with three increasing levels of shares, at 30%, 50% and 90% respectively.
Pir, Banca Sella launches 2 funds and focuses on small investors
INTERVIEW WITH NICOLA TRIVELLI, CEO of Sella Gestioni Sgr, which is launching two funds (one balanced and one equity) dedicated to individual savings plans, which are enjoying great success on the market - Costs in line with those of mutual funds and…
Pir: FinecoBank's individual savings plans are underway
FinecoBank makes its debut on the PIR market, offering its customers, through its platform, the individual savings plans that arrived on the market this year - Fineco's financial advisors will be able to propose PIRs through web-collaboration from the cyborg-advisory platform…
Pir: Banca Sella also takes the field and launches two funds
In the innovative PIR class, the new funds “Investimenti Bilanciati Italia”, which can already be subscribed, and “Investimenti Azionario Italia”, which can be subscribed from 6 April.
Investing with PIRs: that's when it's convenient
FROM THE ADVISE ONLY BLOG - The individual savings plans wink at the Italian saver, bewitching him with a tax advantage and the prospect of an interesting performance. To help you make rational choices, let's analyze the convenience profile of…
Eurizon: PIRs push Italian Mid-Caps
According to Eurizon, the introduction of individual savings plans has increased inflows into Italian securities, especially those of small and medium-sized enterprises, which have tripled the performance of the most capitalized companies.
Pir: Intesa's funding exceeds 100 million
The total funding in Italy of PIRs when fully operational can reach 16 billion, of which 10 from retail and 6 from institutional investors.
Pir also for pensions
THE PROPOSAL OF ASSOPREVIDENZA: let's improve the provision to allow Funds and Casse to profitably use even the currently individual PIRs - Corbello's positive opinion on the new tax regime envisaged by the Budget law: "Italy closer to Europe"
Pir, individual savings plans also for minors
Not only will the earnings be tax-free (even in the case of donations and inheritances) if the investments are maintained for at least 5 years, but the PIR (Individual Savings Plans) can also be made out to minors - It's a…
Pension funds push on PIRs
The category acronym that represents 31 pension funds has asked to raise the maximum asset threshold that supplementary pension products can allocate to individual savings plans from 5% to 15%.
Pir, Eurizon launches 3 new Funds
The asset management company of the Intesa Sanpaolo group bets on individual savings plans and puts Progetto Italia 20, 40, 70 on the market - Differentiated risk profile based on increasing share weight - Here are the investment opportunities aimed…
Pir, the record of mutual funds and the opportunity for individual savings plans
FOCUS BNL - Assets under management reached a new all-time high in 2016, reaching a record of 1.937 billion euro, driven above all by mutual funds - Now the Pir, the individual savings plans, can score…
Pir, Treasury: "Collection beyond forecasts"
Pagani, head of the technical secretariat of the MEF: "We did not expect a response in such rapid and immediate terms: several PIRs have been created in the last two months and I believe that the 2 billion funding target will be exceeded" - The…
Pir, due to a typo, tax discounts only on shares
Due to a typo appearing in the text of the 2017 Budget Law published in the Official Gazette, the detaxation of earnings from the long-awaited Individual Savings Plans (PIR) will only be possible for investments in shares - Only by correcting the typo…
Basilico (Kairos): "Three innovations that restore confidence in the Stock Exchange"
INTERVIEW OF THE WEEKEND - According to Paolo Basilico, founder and CEO of Kairos, there is a common thread underlying the effervescence of Italian banks and the recovery of Piazza Affari: the observation that the Eurozone is holding up, the intervention of the State in MPS and the…
Corcos (Eurizon Capital): "PIRs are an extraordinary opportunity for families to save"
INTERVIEW OF THE WEEKEND - Tommaso Corcos, the CEO of Eurizon Capital of the Intesa Sanpaolo group who is also the president of Asssogestioni, illustrates all the opportunities that Individual Savings Plans (PIR) offer, sheds light on their costs and presents…
Arca Fondi Sgr launches its first Pir
Arca Economia Reale Bilanciato Italia is born, a new balanced bond fund for Individual Savings Plans
Equita Sim: the PIRs strengthen the Italian capital market
The SIM chaired by Alessandro Profumo presented a research conducted together with Bocconi on the Italian capital market which erases many clichés and which highlights how a skilful stock picking on the excellence of Made in Italy…
Pir, a small savings revolution: Anima explains the advantages, risks and costs
Long-term individual savings plans (PIR) are this year's novelty for the world of savings and represent a new way of investing - Anima was the first asset management company to launch them on the market and…
Pir, rain of offers for individual savings plans: what's on the market
A real rain of PIR is about to arrive on the Italian market, with different offers aimed at a large pool of customers - From Anima to Pioneer and Eurizon, passing through Bnp Paribas, Kairos, Zenit, Mediolanum and others, here ...
Calzolari (Assosim): "The Pir, a great opportunity for savers, SMEs and managers"
INTERVIEW OF THE WEEKEND - According to the president of Assosim, the arrival of individual savings plans are a unique opportunity for savers but also for small and medium-sized enterprises and fund managers - The tax relief of profits…
Pir, Equita: 4,4 billion to listed SMEs
The estimate by the analysts of the financial management and consultancy firm refers to the next three years. They also underline how tools of this type are "indispensable to encourage the financing of deserving companies, especially small-medium sized ones"
Pirs: how do they work? Advantages, risks and rules of individual savings plans
Tax breaks in the form of tax breaks for those who decide to invest in Italian companies for 5 years - The PIRs represent a stimulus for the country's real economy, channeling household money towards productive investments and home-grown businesses, but…
Individual Savings Plans (PIR) are on the way: they are the novelty of 2017
Individual savings plans are about to hit the market, which will guarantee exemption from capital gains taxes to those who keep the investment for at least 5 years, especially in small and medium-sized enterprises - A revolution for savers and for…
Assosim, ok to individual savings plans (Pir)
The new financial instruments such as the Pir and the Spac are particularly suitable for supporting the development of small and medium enterprises: this is what emerged from a conference promoted in Milan by Assosim (the association of financial intermediaries).