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Eurizon launches UK fund, reports higher European flows

Savario Parissinotto Eurizon results 2021Eurizon, the Italian asset manager, saw increased fund flows from wider Europe in the first quarter of the year, the firm – which finished the period with higher assets under management and income - said.

Eurizon, the Italian asset manager, saw increased fund flows from wider Europe in the first quarter of the year, the firm – which finished the period with higher assets under management and income – has said.

The Intesa Sanpaolo Group-owned asset manager saw a 12-month increase in AUM of 13.4% between March 31 last year and the same date this year. AUM stood at €354 billion marking a 1.4% increase since the beginning of the year.

Net inflows totalled €1.1 billion in the first quarter, mainly in equity funds. 

Eurizon said the contribution from European countries was growing and had exceeded €450 million in Q1. These funds include in the UK, where the firm has launched its first English mutual funds set up by Eurizon SLJ Capital. Intended for local retail and institutional investors, the funds focus on emerging market bonds including China.

The firm has also recently launched its first two ‘AIF’ products (alternative investment funds) that are to be sold through networks in Italy and are managed by subsidiary Eurizon Capital Real Asset. The funds invest in private markets.

Eurizon’s consolidated net income also rose to €160.8 million during the quarter, a more than a 60% increase over the same quarter last year.

Savario Perissinotto, chief executive (pictured), said: "We are very satisfied with the results achieved in this first quarter of the year thanks to the strong collaboration with the Intesa Sanpaolo Group networks, as well as with third-party placement agents and our institutional customers. However, I extend my sincere thanks to the people of Eurizon for their intensive work at all levels.”

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