The Azimut Group recorded positive net inflows of approximately € 761 million in November 2021, thus reaching approximately € 17.2 billion from the beginning of the year (€ 10.3 billion net of the consolidation of Sanctuary Wealth). Total assets including assets under administration stood at € 80.9 billion at the end of November, of which € 53.2 billion refer to assets under management. This was announced by the company with a note.
Gabriele Blei, CEO of the Group, comments: “November maintained the positive pace of previous periods, allowing us to bring total deposits from the beginning of the year to € 17.2 billion. In the month just ended, the contribution of foreign activities stand out in particular, which continue to produce increasingly consistent results, and the growth of deposits on private markets, which reached 8% of total assets under management, achieved through solutions that provide a strategy of diversification decorrelated from traditional markets and a future element of higher yield for the benefit of the overall customer portfolios “.