- Total net inflows at €457 million in April (€1,916 million YTD)
- Net inflows of managed solutions at €258 million (€824 million YTD)
Milan, 9 May 2022 - Total net inflows amounted to €457 million in April, confirming the Bank’s solid uptrend in terms of net inflows volumes as well as quality and diversification mix. Total net inflows therefore exceeded €1.9 billion YTD.
Managed products also contributed positively, with €258 million net inflows (€824 million YTD), mainly driven by financial wrappers (€90 million in April; €307 million YTD) that offer volatility risk protection and control.
AUC solutions confirmed their solid performance with €198 million (€1.1 billion YTD) thanks to the wide product range, including structured products, which reached €77 million in April and €314 million YTD. Despite the complex market scenario, current account liquidity declined slightly as it is being gradually reallocated to investment solutions and higher value-added assets such as Assets under Advisory, which reached €141 million net inflows YTD thanks to an increase in new contracts.
Chief Executive Officer and General Manager Gian Maria Mossa stated: “Our solid, constant growth continues thanks to the excellent work of our bankers who stand by households in a very complex market phase. The concern and fear in response to the war, along with the disorientation caused by inflationary pressures and the slowing recovery, encourage customers — and above all private customers and business-owners — to take a prudent stance. The versatility of our line-up of solutions helps Financial Advisors in their investment planning activity and the mix of our net inflows confirms the effectiveness of this approach. Despite the uncertain economic and financial context, we are satisfied with the concrete progress on our journey and confirm our medium-to-long-term growth targets."
