Italian asset managers raised the net inflow of 70% y/y in September

By Laura Contemori and Mirko Miorelli October 13 (Reuters) – Italy’s five listed asset collectors reported in September combined net inflow of 3.22 billion euros ($ 4.36 billion), with 70.2% of 2.22 billion in the same month of 2024. 11.2% of the same month, to a combined 2.43 billion euros, with 11.2% from the same month, to a combined year, to a combined 2.43 billion euros, with 11.2%. Why is it important? The fund management industry is under pressure to protect margins from growing technology spending and competition from passive products and other cheaper investment forms. The industry is also working on what experts describe as the greatest transfer of wealth in history. With the fall of interest rates, Italian banks are increasingly turning to wealth management to support revenue while consolidation is increasing. Monte Dei Paschi Di Siena (MPs) chose the veteran of the Fund Enterprise Alessandro Melzi D’Aril as the new head of Mediobanca, of which he acquired 86.3% in September after a hostile takeover. Mediobanca is focusing on private banking and investment banking, Lovaglio, CEO of the MPs, told Parliament this week. In April, the third largest bank Banco BPM in Italy bought the Fund Manager Anima Holding, which was led by Melzi D’Aril at the time, because it fought a now failed bid by Unicredit. Credit Amundi, whose contract with Unicredit expired in 2027 to secure the distribution capacity in Italy, including the Fund Enterprise Amundi, whose contract with Unicredit expired in 2027, discussed the conditions for a possible merger between the Italian unit and Banco. According to the numbers quotes “for September, [Fineco’s] The flow is predominantly driven by asset under management, with assets under supervision (AUC) flow and deposit flow that contributes positively, “Citi analysts said in a note.” Credit activity was also very encouraging, with higher loans driven mainly by mortgage loans, returning to a stable trajectory. In addition, protection premiums are still showing growing interest in families insurance solutions, “Banca Mediolanum CEO Massimo Doris said in a statement.” It was the second best September ever for the bank for which it is traditionally a challenging month due to seasonality, “Banca Generali said. Morelli in Gdansk;