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MED Igeamed Spa

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Share Name Share Symbol Market Type
Igeamed Spa BIT:MED Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Italy January Mutual Fund Outflows EUR3.96 Billion - Assogestioni

28/02/2012 10:48am

Dow Jones News


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Italian asset management association Assogestioni said Tuesday that total outflows from mutual funds hit a record EUR3.96 billion in January.

Equity funds in January registered net outflows of EUR643 million, it said, while bond funds recorded outflows of EUR736 million and money market funds had outflows of EUR1.12 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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