Azimut Holding SpA : 2011 total net inflows: € 1.13 billion December 2011 net inflows into managed assets: € 655 million
January 11, 2012 at 01:49 pm IST
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2011 total net inflows: € 1.13 billion
December 2011 net inflows into managed assets: € 655 million
Milan, 11th January 2012
PRESS RELEASE
The Azimut Group recorded in December 2011 net inflows into
managed assets for € 655 million, leading to a 2011 inflows
into managed assets of € 980 million.
During the month the inflows data has benefited from the
consolidation of the assets of Compagnie de Gestion privée
Monegasque (CGM) following the approval by the Bank of Italy
and the Commission de Contrôle des Activités Financières
(CCAF) of the acquisition of a 51% stake of the company's
issued share capital. Net of this impact the three
distribution networks belonging to Azimut Group have achieved
in December a total net inflows positive by almost € 117
million.
Total assets including assets under administration stand at €
16.5 billion, of which € 14.6 billion of managed assets.
The recruitment of new financial agents in 2011 is positive
for 126 additions; the networks Azimut Consulenza, AZ
Investimenti and Apogeo total, at the end of December 2011,
1393 units.
Pietro Giuliani, Azimut's Chairman and CEO
comments: "2011 has been a difficult year both for the
asset management industry and for financial markets. In this
environment, the Azimut Group has carried on a serious and
disciplined strategy focused on the asset management business
and foreign expansion. In 2012 we will continue to pursue
this development attracting new skills and expertise within
our distribution networks while involving additional
portfolio management competences around the world.
Furthermore, we will carry on our commercial initiatives for
our existing and new clients; for instance, on
12th January all investors interested in the
future of our Country and aiming at diversifying their
portfolio, will be able to take part in our branches at the
"BTP Day according to Azimut", linked to our Solidity fund
which invest exclusively in Italian treasury bonds".
Azimut Holding S.p.A. is a leading Italian financial services group. The group offers asset management services (EUR 90.7 billion in managed assets at the end of 2023), financial consulting, insurance and brokerage services, etc.
AZIMUT HOLDING S.P.A. 
