Download Net Inflows in December 2016

PRESS RELEASE
Total Assets at end-2016: € 43.6 billion (+19% vs. end-2015)
Net Inflows in 2016: € 6.5 billion
Net Inflows in December 2016: € 722 million
Milan, 10 January 2017
The Azimut Group recorded total net inflows of € 722 million in December 2016, reaching a total of € 6.5 billion net
inflows in the entire 2016.
The figure in December benefited from ca. € 260 million of inflows by institutional investors into the Money Market fund
in China, who typically tend to invest towards the end of the year to benefit from higher yields but could potentially
withdraw in the first quarter of 2017.
Total assets under management stood at € 35.8 billion, and including assets under administration reached € 43.6 billion
(+19% year on year).
Sergio Albarelli, Azimut’s CEO, comments: “We are very pleased with how we closed 2016, reaching total net inflows of
6.5 billion euros. This figure, very close to the 2015 record, is a great achievement especially given the difficult context in
which it was realized, with high uncertainty, volatility and close to zero interest rates. Nonetheless, the quality of our
portfolio management team together with the daily efforts of our advisors providing fair and effective financial planning,
allowed us to deliver to our clients a net weighted average performance of +3.6%, more than doubling the Italian
industry. We are therefore ready to face the new year with enthusiasm, strengthening even more our position in the
Italian market as well as in the overseas business where we continue to pursue the various initiatives.”
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Net Inflows
December
2016
Data in € million
(1)
Funds
Individual Managed Portfolios
AZ LIFE Insurance
Advisory
(2)
Total Managed Assets & Advisory
Assets under custody - c/accts
Total Assets
(3)
Assets
at 31/12/2016 ∆ in 2016
Total Assets Evolution
Mutual funds
81,1
91,8
45,9
1.587,7
1.617,2
332,9
28.755,9
7.701,4
6.434,3
8,5%
33,8%
15,1%
7805
869
6434
273,8
239,7
868,9
40,1%
7701
653,0
3.510,7
35.800,1
14,7%
42,4%
18,9%
68,8
3.021,3
7.804,6
721,8
6.532,0
43.604,8
Discret.accts
Insurance
Advisory
AuC and c.a.
5481
620
5588
5754
28756
26495
12/16
12/15
(1) The figure disc losed by ASSOGESTIONI does not inc lude assets gathered outside of Italy and entry fees; it inc ludes mutual. hedge
and alternative funds
(2) Inc ludes MAX produc t (fee-based advisory)
(3) Net of double c ounting
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Azimut is Italy’s leading independent asset manager (active since 1989). The Parent Company Azimut Holding was listed on the Italian stock exchange on 7 July 2004 (AZM.MI) and,
among others, is a member of the main Italian index FTSE MIB and of the Eurostoxx 600. The shareholder structure includes over 1,400 managers, employees and financial
advisors, bound by a shareholders’ agreement that controls ca. 13% of the company. The remaining is free float. The Group comprises various companies active in the sale,
management and distribution of financial and insurance products, with Registered Offices in Italy, Luxembourg, Ireland, China (Hong Kong and Shanghai), Monaco, Switzerland,
Taiwan, Brazil, Singapore, Mexico, Australia, Chile, USA and Turkey. In Italy, Azimut Capital Management SGR sells and manages Italian mutual funds, Italian hedge funds, as well as
being active in the discretionary management of individual investment portfolios. Furthermore, Azimut Capital Management SGR, following the demerger by incorporation of
Azimut Consulenza SIM, distributes Group and third party products in Italy via a network of financial advisors while Azimut Global Counseling provides consulting services. Overseas
main operations are AZ Fund (founded in Luxembourg in 1999), which manages the multi strategy funds AZ Fund 1 and AZ Multi Asset and the Irish AZ Life Ltd, which offers life
insurance products.
AZIMUT HOLDING SpA – www.azimut.it
INVESTOR RELATIONS
MEDIA RELATIONS
Vittorio Pracca tel +39.02.8898.5853 +39.342.0368994
Gabriele Blei
tel +39.02.8898.5849 +39.340.532.9911
Viviana Merotto tel +39.02.8898.5026 +39.338.7496248