PRESS RELEASE
€ 311 million in Total Net Inflows for the Group; 1,998 million YTD
€ 617 million in Mutual Fund Net Inflows; 2,385 million YTD
Banca Mediolanum S.p.A. announces business results for the month of May 2017.
Group Total Net Inflows amounted to € +311 mn.In particular, Net Inflows into Mutual Funds & Managed Accounts were at € +617 mn.
NET INFLOWS - data in € mn |
May 2017 |
YTD 2017 |
- Net Inflows into Managed Assets & similar |
578 |
2,139 |
o/w Net Inflows into Mutual Funds, U-L &Managed Accounts |
617 |
2,385 |
- Net Inflows into Administered Assets & similar |
(267) |
(141) |
GROUP TOTAL NET INFLOWS |
311 |
1,998 |
YTD 2016 |
1,111 |
1,350 |
1,565 |
2,676 |
In more detail:
- Net Inflows into Managed Assets & similar |
540 |
1,891 |
928 |
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts |
559 |
2,093 |
1,141 |
- Net Inflows into Administered Assets & similar |
(282) |
(159) |
1,615 |
ITALY - TOTAL NET INFLOWS |
258 |
1,732 |
2,543 |
- Net Inflows into Managed Assets & similar |
37 |
248 |
183 |
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts |
58 |
291 |
209 |
- Net Inflows into Administered Assets & similar |
15 |
19 |
(50) |
FOREIGN MARKETS- TOTAL NET INFLOWS |
53 |
266 |
133 |
Preliminary data subject to change
"The month of May confirmed an excellent level of mutual fund inflows, which once again exceeded 600 million euros. The flows benefitted greatly from the success of the Banca Mediolanum PIRs (Individual Savings Plans), which are receiving a great deal of liquidity," said Massimo Doris, CEO of the Bank. "I am proud of the results we have achieved especially if you consider that the more than one billion in PIR inflows will be invested in support of the Country, and in particular, directly in small and medium-sized enterprises. I'm convinced that the PIRs represent an excellent investment for our customers besides providing a boost to the recovery of the Italian economy."
Basiglio - Milano 3 City, June 7, 2017 Contacts:
Media Relations Investor RelationsRoberto De Agostini Alessandra LanzoneTel. +39 02 9049 2100 Tel. +39 02 9049 2039
e-mail:roberto.deagostini@mediolanum.ite-mail:alessandra.lanzone@mediolanum.it
The Officer responsible for preparing Banca Mediolanum S.p.A accounting documents, Angelo Lietti declares that, in compliance with the requirements of the second paragraph of section 154 bis of the Consolidated Finance Act, the financial information contained herein reflects the accounting entries, records and books.
Banca Mediolanum S.p.A. published this content on 07 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 June 2017 11:10:30 UTC.
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