In October, the consultancy networks recorded net collections of 6 billion euros, up 62.3% compared to September and 5.9% on an annual basis. The resources allocated to managed savings grew by 10.3% compared to the same month of 2024, totaling 3.2 billion. In administered financial instruments, net investments reached 4.2 billion, thanks above all to the primary market and the strong contribution of the placement of the BTP Valore. At the same time, there were outflows from current accounts and deposits amounting to almost 1.5 billion.
“The October data confirm the diversification strategy that the Networks are pursuing in the exclusive interest of their customers””, underlines Marco Tofanelli, General Secretary of the Association
Progress of the annual budget
Since the beginning of the year, the budget has risen to 47.5 billion euros, with a growth of 17.6% compared to the period January-October 2024. The net resources directed to managed savings amount to almost 30 billion, marking an increase of 62.1% on an annual basis. The collection associated with the consultancy service with fees stood at 1.2 billion in the month and reached 12.3 billion since the beginning of the year (+9.6% y/y). The growth of the Networks’ customers also continues, close to 5.4 million people.
Performance of funds, insurance and asset management
The direct distribution of mutual fund units generates net flows of 1.7 billion (+15.9% y/y), with a clear preference for bond funds (1.4 billion). Instead, redemptions on equity and balanced funds prevail. In the insurance-social security sector, net payments amounted to 915 million (+4.6% y/y), more than half destined for unit linked. Individual asset management totaled 627 million in collections (+5.2% y/y), with greater investments in fund management (382 million).
Contribution to UCITS and focus on the instruments administered
In October the overall contribution of the Networks to open UCIs – through direct and indirect distribution – was positive for 2.7 billion; since the beginning of the year it has reached 24.3 billion, offsetting the outflows of other operators and bringing the balance of the entire industry back into positive territory (16.6 billion). Collection on managed instruments mainly concerns government bonds (2.7 billion) and corporate bonds (802 million), with a growing interest in exchange traded products, in particular ETFs (568 million).
