Italian asset management association Assogestioni said Tuesday that total outflows from mutual funds hit a record EUR3.96 billion in January.

Equity funds in January registered net outflows of EUR643 million, it said, while bond funds recorded outflows of EUR736 million and money market funds had outflows of EUR1.12 billion.

Shares of 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 the capital flows data as inflows boost their profits from fees and commissions.

-By Liam Moloney, Dow Jones Newswires; +39 06 6976 6924; liam.moloney@dowjones.com

Igeamed (BIT:MED)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Igeamed Charts.
Igeamed (BIT:MED)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Igeamed Charts.