The Azimut Group recorded positive net inflows of € 1 billion in September 2021, thus reaching € 15.3 billion from the beginning of the year (€ 8.4 billion net of the consolidation of Sanctuary Wealth).
As stated in the note, the September funding benefited from the consolidation of Cranage Financial Group in Australia, which becomes part of AZ NGA, for a total of 140 million euros in the administered component, as well as the good funding flows recorded. by Sanctuary Wealth.
Total assets including assets under administration stood at 78.6 billion euros at the end of September, of which 52.4 billion refer to assets under management.
Gabriele Blei, CEO of the Group, comments: “The Group’s growth continues at a sustained pace also in September, a historically weak month for financial activities. Despite the recent increase in market volatility, the average net customer performance remains positive by + 5%. The recent uncertainty on the financial markets is driving our customers and our distribution networks more to review the asset allocation of their portfolios, including real economy products. We are the only ones to offer through our financial advisors a diverse range of products, both liquid and illiquid, which will continue to expand to seize opportunities, especially in private markets. Furthermore, the Group’s funding and future growth will also be based on expansion abroad, which constitutes one of the pillars of the geographic development and diversification strategy, whose assets have reached 39% of the total. “