The asset management industry closes June with a positive collection of 5.2 billion, down from the 6.8 collected in May but still a significant result that demonstrates the good performance of the sector and brings the balance of the first half of 2021 to close to 47 billion. Once again the accelerator was pushed by open-end funds that brought in 4.1 billion dowry, while institutional mandates that closed with the accounts in the red for 388 million and thus brought the segment of management of portfolio to slow down to 481 million compared to the 1.6 billion accumulated the previous month.
The heritage
In June, the total assets of the sector set a new record, exceeding the threshold of 2,500 billion, of which 51% belong to collective management and the remaining 49 to portfolio management. The masses of open-end funds alone at the end of the semester exceeded 1,206 billion, still increasing their incidence on the total and within them the greatest weight is kept by bonds (36%), followed by equities (28.2%) and flexible ones. (19.8%).
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Mutual funds
Equities continue to be the most popular products with inflows of 2.2 billion, up by more than one billion compared to May. In this type of PIR also, the individual savings plans in June revised the assets after more than a year of negative results, collecting approximately 66 million. The balanced figure was just under 2 billion (slightly down), while for bonds the month closed at 1.2 billion, up from 927 million in May. The flexible deficit is less heavy (-67 million from the previous -150), while money collection plummeted to -1.2 billion (-67 million in May). These numbers are quite intuitive: the good trend of the lists (although now with some uncertainty) pushes many investors to reposition their portfolios on equity, abandoning very short-term investments and their returns close to or even below zero.
The societies
Among the protagonists of the sector, to report the balance of Amundi which with 1.5 billion collected more than all, but the month was also particularly positive for Deutsche bank (782 million), for Intesa Sanpaolo (665 million), for Anima (590 million) and for Jp Morgan Asset Management (501 million). A negative sign, on the other hand, for the Generali group (-1.8 billion for intragroup transactions), for Franklin Templeton (-134 million), for Ersel (-87 million) and for State Street Global Advisor (-54 million).