• Total net inflows at €310 million in September (€4.7 billion YTD);
• Net inflows of Assets under Investment at €244 million (€2.0 billion YTD);

Milan, 3 October 2024 – Banca Generali’s net inflows amounted to €310 million in September, bringing YTD net inflows to over €4.7 billion (+9% compared to the same period of 2023).

The inflows mix confirmed the previous months’ constant improvement of the net inflows quality, with a strong acceleration of the demand for investment products and services (Assets under Investment), driven particularly by managed solutions (€216 million in September and €1.5 billion YTD; +73% YoY).

All the product lines of managed solutions recorded a positive trend, confirming the attention to diversification and to the construction of bespoke investment plans. Specifically, inflows were catalysed by both financial wrappers (€104 million in September; €1.0 billion YTD; +100% YoY) and insurance wrappers (€66 million in September; €195 million YTD; +596% YoY). There was also a good demand for in-house funds (€92 million in September; €640 million YTD; +56% YoY), following the recent review and expansion of the range. Overall, in-house products1 reached €1.7 billion YTD (+81% YoY).

Net inflows from insurance products totalled €95 million in September (€222 million YTD), continuing to recover thanks to the Bank’s proactive management of these products.

Among Other Assets, the notable result of liquidity (€154 million in September; €554 million YTD) was supported by the acquisition of new clients and by bonds reaching maturity.

Chief Executive Officer and General Manager Gian Maria Mossa stated: “This month recorded solid inflows and stood out in terms of quality mix and demand for investment services. Although for us September is traditionally a challenging month, due to the seasonal dynamics after the summer months and the important convention with our Financial Advisors, we received very positive signs from the territory: a strong attention both from the many entrepreneur-clients thanks to our unique corporate advisory model, and from many colleagues-financial advisors attracted by the Bank’s projects aimed at expanding the scope of advisory and by the talent development opportunities through our teams. We are therefore confident we will continue to improve the inflows mix and accelerate net inflows in the last quarter of the year.”