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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 Gilles Castonguay
MILAN--Italian asset managers registered a net outflow of 4.65 billion euros ($5.63 billion) in June, the largest monthly outflow this year, Italian industry association Assogestioni said in its monthly report Tuesday.
Since the beginning of 2012, outflows have totalled EUR10.12 billion, an indication of investor fears about the repercussions of Europe's sovereign debt crisis on the region's economy and its common currency.
In May, outflows were far smaller, totaling EUR1.16 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 capital flows data as inflows boost their profits from fees and commissions.
At the end of June, the industry had EUR954.25 billion worth of assets under management, according to Assogestioni.
Write to Gilles Castonguay at gilles.castonguay@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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