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Also in May, the funds pushed the fund managers

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Mutual funds continue to lead the asset management industry and with inflows of € 4.9 billion bring the overall balance to € 6.8 billion, almost one more than in April. Thanks to this result, the balance since the beginning of the year has risen to 41.7 billion. The performance of portfolio management was also positive which, thanks to the contribution of over a billion from the retail segment, closed the monthly balance with accounts in surplus for 1.6 billion. The total assets of managers also grew, reaching over 2,480 billion, of which 50.8% relating to collective management and the remaining 49.2% to portfolio management.

Mutual funds

Among the ranks of these products, which have been traveling since January with a collection of 27.8 billion, are the equities (which have grown compared to the previous month) and the balanced ones (which instead have slightly decreased), with a respective collection of 2.1 and 2 billion. The type of bonds also recovered, passing from 484 million to 927, while monetary ones went into negative territory (from 447 million to -67). From the point of view of the domiciliation of products, also in May it was the funds under foreign law that held the reins of the system with a balance of 4.2 billion, while the Italians raised 705 million.

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The societies

In the ranking of the groups, the figure of Intesa Sanpaolo stands out which, thanks to the result of Eurizon on the placement of open-end funds, totaled deposits of more than 1.9 billion. The institutional mandates instead pushed the figure of Poste Italiane which archived May in surplus for 1.2 billion. Positive figures also for Amundi (594 million), Deutsche Bank (386 million), Schroders (338 million), Anima (331) and Mediolanum (313). Accounts in the red for Generali (-384 million), Ubs Asset management (-267 million) and Axa investments Management (-106 million).

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