Azimut Holding SpA : December 2012 net inflows into managed assets: € 180 million Total 2012 net inflows into managed assets: € 1.6 billion
January 15, 2013 at 08:04 am EST
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PRESS RELEASE
December 2012 net inflows into managed assets: € 180 million
Total 2012 net inflows into managed assets: € 1.6 billion
Milan, 15 January 2013
The Azimut Group recorded in December 2012 total net inflows into managed assets of € 180 million (of which over €130 million from mutual and hedge funds, over € 1 billion in 2012). Total managed inflows in 2012 therefore reached € 1.6 billion.
Total assets under management stood at € 17.5 billion, and including assets under administration reached € 19.6 billion. The figure represents a ca. 20% growth versus December 2011, thanks to both positive inflows as well as a net weighted average performance to the client of 8% in 2012 (versus an Italian risk-free result of 2.73%, net of taxes).
The recruitment of new financial advisors in 2012 remains positive with 105 new additions, so that the networks Azimut
Consulenza, AZ Investimenti and Apogeo totaled, at the end of December 2012, 1396 units.
Pietro Giuliani, President and CEO of the Group, comments: "December data closes 2012 with positive numbers in terms of inflows, assets growth and performance to our clients. This is the result of intense restructuring and development efforts that we have started in 2008 both in the asset management as well as in the distribution networks. Today, Azimut can count on innovative products, 3 networks of efficient and top-quality financial advisors as well as a Wealth Management division and an international presence in high-growth markets. On this basis we will continue to work and invest in the next years to obtain the ambitious targets we have set".
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. 
