PRESS RELEASE
€ 480 million in Total Net Inflows for the Group; 1,687 million YTD
€ 614 million in Mutual Fund Net Inflows; 1,768 million YTD
Banca Mediolanum S.p.A. announces business results for the month of April 2017.
Group Total Net Inflows amounted to € +480 mn.In particular, Net Inflows into Mutual Funds & Managed Accounts were at € +614 mn.
NET INFLOWS - data in € mn |
Apr 2017 |
YTD 2017 |
- Net Inflows into Managed Assets & similar |
545 |
1,563 |
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts |
614 |
1,768 |
- Net Inflows into Administered Assets & similar |
(66) |
124 |
GROUP TOTAL NET INFLOWS |
480 |
1,687 |
YTD 2016 |
874 |
1,065 |
1,445 |
2,320 |
In more detail:
- Net Inflows into Managed Assets & similar |
494 |
1,353 |
724 |
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts |
558 |
1,535 |
897 |
- Net Inflows into Administered Assets & similar |
(54) |
120 |
1,499 |
ITALY - TOTAL NET INFLOWS |
439 |
1,474 |
2,223 |
- Net Inflows into Managed Assets & similar |
51 |
210 |
151 |
o/w Net Inflows into Mutual Funds, U-L & Managed Accounts |
57 |
233 |
168 |
- Net Inflows into Administered Assets & similar |
(11) |
3 |
(54) |
FOREIGN MARKETS- TOTAL NET INFLOWS |
40 |
214 |
96 |
Preliminary data subject to change
"More than 600 million euros of inflows into mutual funds & managed accounts makes April the most substantial month of the year so far, displaying a trend of constant growth and a high quality mix," said Massimo Doris, CEO of Banca Mediolanum . "Since their recent launch, Banca Mediolanum's two PIR funds added significantly to total net inflows. In fact, inflows into these Individual Savings Plans is already over 650 million euros. This is a demonstration of our Family Banker's efforts to help our customers understand and appreciate in a timely manner a scheme that is so beneficial for them and important for reviving the economy of our country. Therefore, the shift of administered assets to managed assets is continuing - concludes Massimo Doris - confirming our expectations for 2017".
Basiglio - Milano 3 City, May 8, 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 08 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 May 2017 08:37:02 UTC.
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