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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Azimut Hldg SPA | BIT:AZM | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.26% | 23.36 | 23.10 | 23.41 | 23.37 | 23.14 | 23.35 | 520,579 | 17:00:00 |
From Jul 2019 to Jul 2024
By Liam Moloney
Italian asset managers had net outflows of 4.34 billion euros ($5.77 billion) in December, as clients sold equity and balanced funds and bought fixed-income ones, Assogestioni, the country's industry association said Thursday.
Despite the withdrawals, which total EUR11.31 billion for 2012, total assets under management rose to EUR1.20 trillion, Assogestioni said.
The December figure includes a net outflow of EUR1.51 billion in balanced funds and EUR504 million for equity ones. Bond fund net increases totaled EUR2.11 billion, confirming the popularity of these type of funds in 2012, according to Assogestioni's data.
Institutional clients were big sellers in December, upending a trend that characterized 2012.
Shares of asset management companies, such as Banca Generali SpA (BGN.MI), Mediolanum SpA (MED.MI) and Azimut SpA (AZM.MI), as well as Intesa Sanpaolo SpA (ISP.MI) and UniCredit SpA (UCG.MI), are sensitive to capital flows data because inflows boost their profits from fees and commissions.
Write to Liam Moloney at liam.moloney@dowjones.com
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