PRESS RELEASE
Total 2018 Net Inflows: € 4.4 billion
December 2018 Net Inflows: € 163 million
Milan, 9th January 2019
The Azimut Group recorded total net inflows of € 163 million in December 2018, thereby reaching € 4.4 billion in the full 2018.
Total Assets under Management stood at € 39.8 billion, and including assets under administration reached € 50.8 billion at the end of December.
Pietro Giuliani, Azimut's Chairman, comments: "We are satisfied with the results achieved in a year of increased market complexity. These figures were accomplished thanks to the strengthening of our foreign business and the delivery of high quality research and innovation on products and services, which has always been part of the Group's DNA. We are getting ready to face 2019 with determination. There will be challenges, but at the same time we trust the commitment of our professionals who will be able to turn these into opportunities".
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Data in € million | Net Inflows | Assets | |
December 2018 | at 31/12/2018 ∆ in 2018 | ||
Funds (1) Individual Managed Portfolios AZ LIFE Insurance Advisory(2) |
| 30.662,3 -3,3% 10.089,9 6,7% 5.677,9 -15,3% 1.507,3 34,7% | |
Total Managed Assets & Advisory(3) | -10,6 2.338,6 | 39.783,4 -1,0% | |
Assets under custody - c/accts | 173,8 2.064,6 | 10.989,1 7,2% | |
Total Assets | 163,2 4.403,2 | 50.772,5 0,7% | |
(1)ThefiguredisclosedbyASSOGESTIONIdoesnotincludeassetsgatheredoutsideofItalyandentryfees;itincludesmutual, hedge and alternative funds
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Azimut is Italy's leading independent asset manager (active since 1989). The parent company Azimut Holding was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and, among others, is a member of the main Italian index FTSE MIB. The shareholder structure includes over 1,900 managers, employees and financial advisors as well as Peninsula Capital, bound by a shareholders' agreement that controls over 23% of the company. The remaining is free float. The Group comprises various companies active in the sale, management and distribution of financial and insurance products, with Registered Offices mainly in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland, Taiwan, Brazil, Singapore, Mexico, Australia, Chile, USA, UAE and Turkey. In Italy, Azimut Capital Management SGR sells and manages Italian mutual funds, Italian alternative investment funds, as well as being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of Azimut Consulenza SIM, distributes Group and third party products in Italy via a network of financial advisors while Azimut Libera Impresa SGR focuses on the Alternatives business. Overseas main operations are AZ Fund Management SA (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life DAC, which offers life insurance products.
Contacts - Azimut Holding S.p.A.
www.azimut-group.com
Investor Relations | Corporate Communications |
Vittorio Pracca | Paola Moscatelli |
Tel. +39 02 8898 5853 | Tel. +39 02 8898 5739 |
Email:vittorio.pracca@azimut.it | Email:paola.moscatelli@azimut.it |
Galeazzo Cornetto Bourlot | Viviana Merotto |
Tel. +39 02 8898 5066 | Tel. +39 02 8898 5026 |
Email:galeazzo.cornetto@azimut.it | Email:viviana.merotto@azimut.it |
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Azimut Holding S.p.A. published this content on 09 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 January 2019 14:23:03 UTC