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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 | - |
From Feb 2020 to Feb 2025
By Gilles Castonguay
MILAN--Italian asset managers registered a net outflow of 1.28 billion euros ($1.61 billion) in July, a much smaller amount than the EUR4.65 billion outflow recorded in July, industry association Assogestioni said in its monthly report Thursday.
Since the beginning of the year, outflows have totalled EUR11.40 billion, highlighting investor fears about the repercussions of Europe's sovereign debt crisis on the region's economy and its common currency.
At the end of July, the industry had EUR961.54 billion worth of assets under management, according to Assogestioni.
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.
Write to Gilles Castonguay at gilles.castonguay@dowjones.com
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