(Alliance News) - FinecoBank Spa reported Thursday that net inflows in June amounted to EUR997 million - up from EUR764 million in the same month of 2023 - thus surpassing the EUR5 billion threshold in the first half of the year for the fourth consecutive year.

The managed component amounted to EUR424 million, with Fineco Asset Management's retail inflows at EUR215 million and largely offsetting outflows from insurance at EUR84 million.

Assets under administration reached EUR581 million, while direct inflows were negative EUR8 million.

Brokerage revenues in June are estimated at EUR15 million up 35 percent from the 2017/2019 monthly average, reaching EUR106 million year-to-date up 10 percent year-on-year with 20.8 million orders executed.

FinecoBank trades in the green by 2.2% at EUR14.59 per share.

By Chiara Bruschi, Alliance News reporter

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