Managers' collections proceed to say no, pushed by mutual funds | EUROtoday

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There isn’t any huge information for the information on the asset administration trade. February additionally closed its doorways with a detrimental steadiness of two.4 billion, slightly below the -2.6 that got here out the earlier month. And so in these first two months of 2024 the system is already touring with a deficit of over 5 billion. The redemptions have been as soon as once more pushed by mutual funds with a detrimental month-to-month steadiness of two.4 billion (-2.3 in January). Positive signal just for closed funds with a revenue of 227 million and for retail administration which grossed 592 million. Flat calm on the facet of the plenty: in February belongings stood at 2,310 billion with out main variations. In brief, a photocopy situation.

Mutual funds

Analyzing the information in additional element there was some variation within the pattern of open funds in comparison with January. Stocks contained reimbursement requests and lowered the deficit to -1.4 billion (from -2.2), whereas financial funds greater than doubled the crimson, going from -996 million to the present -1.8 billion . Flexible (-3.2 billion nonetheless lowering) and balanced (-2 billion) additionally fell. Only bonds are operating, to which over 6 billion have been allotted, however the 11.6 billion collected since January haven’t been ample to plug the losses of the opposite classes which have introduced the steadiness for the reason that starting of the 12 months to -4.7 billion. These are info that talk for themselves.

The societies

Among the protagonists of the sector, February was significantly detrimental for Intesa Sanpaolo within the crimson for +2.4 billion and for Amundi (-1 billion), whereas Anima Holding (-664 million) and the Generali group (-350 million) contained the deficit tens of millions). The group that raised probably the most was Poste Italiane with a results of 1.6 billion collected in a balanced method between open funds and institutional mandates. Also in revenue have been Mediolanum (125 million), Arca (205 million), Deutsche Bank (387 million) and Schroders (271 million).