Total assets under management at the end of June 2021 reached 51.3 billion; the figure including assets administered and managed by third parties directly placed reaches 75.7 billion. Important result on Net Profit obtained in the first half (equal to € 226 million, + 58% compared to the same period in 2020). The news was announced by the company’s Board of Directors, which today approved the half-year report as at 30 June 2021.
Net inflows in the first six months of the year amounted to approximately 12 billion, and foreign business at the end of June represented 37% of the Group’s total assets. In the Private Markets segment, AUM 3.5 billion was achieved, also thanks to the latest acquisitions in the United States, confirming the target of at least AUM 10 billion by the end of 2024.
Pietro Giuliani, President of Azimut, comments: “These results are the result of teamwork, innovation and the ability to pursue a strategy that make Azimut an independent and avant-garde company. Precisely for this reason we have set ourselves a new challenge which aims to achieve a net profit for 2021 in the range of € 350-500 million (in normal market conditions), compared to the previous target of € 350 million “.