Eurizon, profit grows to 577.7 million euros (+ 36%): assets under management to 432 billion
Eurizon, the group’s asset management company Intesa Sanpaolo, closes the first nine months of 2021 with a Net income of 577.7 million euros, up 36% on an annual basis. The company registers a commission margin to 886.6 million euros (+ 27%) and the net inflows it stood at 7.5 billion from the beginning of the year.
Positive flows on open-end funds, with 7.8 billion, mainly due to the contribution of balanced funds (+3 billion), equity (+2.8 billion) e bonds (+2.1 billion). Assets amounted to 432 billion, with an increase of 3.6% from the beginning of the year.
Chinese society Penghua Fund Management, 49% owned, at the end of September exceeded 130 billion euros of assets, up 27% from the beginning of the year, with deposits that reached 20 billion in the first nine months of 2021.
“The results achieved,” he declared Saverio Perissinotto, managing director of Eurizon, “In terms of net inflows and expressed profitability characterize these first quarters of 2021 as a very positive year for Eurizon, the result of the great teamwork of the people in the asset management division together with the distribution networks of gIntesa Sanpaolo group and to third-party institutional customers. Our growth and development path continues abroad too, where important results have been achieved “.
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