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AZM Azimut Hldg SPA

23.36
0.06 (0.26%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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

Italy December Mutual Funds Outflows EUR9.5 Billion -Assogestioni

26/01/2012 1:45pm

Dow Jones News


Azimut Hldg (BIT:AZM)
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The Italian asset management association, Assogestioni, said Thursday that total outflows at mutual funds in December reached a record EUR9.52 billion.

Assogestioni also said in a statement that fund outflows since the start of the year totaled EUR40.82 billion.

Equity funds in December registered net outflows of EUR511 million, it said, while bond funds recorded outflows of EUR2.27 billion and money market ones outflows of EUR1.90 billion.

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 the capital flows data as inflows boost their profits from fees and commissions.

-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

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