Eurizon claims leadership for European fund flows

Italy’s Eurizon Capital reports buoyant 2016 results today, having taken the largest share of mutual fund flows in Europe and a third of total investments in Italian funds and mandates.

The firm raised over €18 billion of net flows in 2016, with the majority of flows going to “flexible” funds, followed by bond products.

Eurizon, which has a 50% stake in the Allfunds Bank distribution platform, said it beat all other firms in Europe for net flows into mutual funds, basing the claim on Morningstar data.

Eurizon’s largest period for inflows was the last quarter when it raised €6 billion.

Asset under management increased 9% over the year to €290 billion and consolidated net income was €368 million.

The firm, which is the asset management arm of Intesa Sanpaolo Group, launched 97 products, including 59 Italian funds and 31 Luxembourg sub-funds.

Last year Eurizon opened a branch in Paris, and began preparations for a branch in Frankfurt and to sell its funds in Switzerland.

In Spain, Northern Europe and Latin America, particularly Chile, Eurizon “consolidated its presence, thanks to partnerships with local distributors”.

Its branch in Hong Kong obtained permissions to carry out fund management activities, which are planned for the first half of 2017. In China, Eurizon has a 49% holding in Penghua Fund Management and 29% in Yicai, a wealth management company of the Intesa Sanpaolo Group.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST