Italy July Mutual Funds Net Outflows EUR2.44 Billion -Assogestioni
August 05 2011 - 5:57AM
Dow Jones News
Italy's July mutual funds registered net outflows worth EUR2.44
billion, a negative reading for the 11th consecutive month, the
country's asset management association Assogestioni said
Friday.
Bond outflows totaled EUR122 million while equity funds saw
EUR747 million in outflows. Also liquidity funds posted an outflow
of EUR739 million, the association said in a statement.
Shares in asset management companies such as Banca Generali SpA
(BGN.MI), Mediolanum SpA (MED.MI) and Azimut SpA (AZM.MI), as well
as Intesa Sanpaolo SpA (ISP.MI) and UniCredit SpA (UCG.MI), are
sensitive to capital flow data as inflows boost profit from fees
and commissions.
-By Sabrina Cohen and Liam Moloney, Dow Jones Newswires, +39 02
5821 9906; sabrina.cohen@dowjones.com
Igeamed (BIT:MED)
Historical Stock Chart
From Apr 2024 to May 2024
Igeamed (BIT:MED)
Historical Stock Chart
From May 2023 to May 2024