The asset management industry ended the month of October with accounts in surplus of 6.4 billion, a figure that brought the balance from the beginning of the year to 76.2 billion. The total assets, which rose to 2,560.6 billion of which 51.7% for collective management and the remaining 48.7% for portfolio management. Mutual funds once again provided the main contribution to deposits with a collection of 2.7 billion which led to collective management to collect 3.4 billion. Portfolio management has definitely reversed the trend which, with a result of almost 3 billion, more than offset the deficit of 741 million accused in September.
Mutual funds
This product segment from the beginning of the year has a positive collection of 55.5 billion of which 28 come from equities, 20 from balanced and 9 from bonds. Still the minus sign of 2.2 billion for flexible funds, which, however, have been catching up in the last two months. As for the October budget they are still the equity to have recorded the best trend with assets of 2.5 billion and also in this case are followed by the balanced ones. The flexible ones are also positive for 775 million while for the monetary ones the balance is negative for 2.2 billion.
The societies
Among the groups, Intesa Sanpaolo still obtained the best result (2.7 billion), thanks to the contribution of Eurizon which collected 1.7 billion with open funds. Positive for over a billion Poste Italiane, while the Generali group for the usual intra-group transactions closed the month with the accounts in the red for 1.2 billion.