(Adds details from statement, comment) MILAN, January 26 (Reuters) – The system of asset management in Italy stores 2014 with net inflows of approximately double compared to 2013 and amounted to 128.6 billion, a assets of nearly 1.58 trillion euro, the best result for open funds from 1999 (+86.8 billion). December brings other fact of EUR 8.95 billion in the system with the collective management – mainly open funds – subscribed to 5.57 billion to 3.38 billion and mandates. ‘As announced today by Assogestioni, specifying the preliminary nature of the data. The hoses are confirmed also in 2014 the category of favorite funds with inflows totaling to 41.6 billion, followed at a distance by the bond, they receive about 28 billion. Balanced and equity store the year with a collection respectively equal to 10.76 and 8.3 billion. In the red for about 2.9 billion just for the money at the end of a year that saw net inflows for hedge (763 million). Looking to 2015 J.P. Morgan Asset Management will focus on flexible bond, equity using strategies similar to those hedge – for example “long / short” – and multiasset specialized in emerging markets. “The market is very difficult and requires a very professional approach, flexible and opportunistic,” notes the Country Head for Italy, Lorenzo Alfier i. In 2014, the multi-asset funds have accounted for 60% of sales of the American home in Italy, the flexible bond for 20% and equity for the rest. “In 2014 continued the strong interest of Italian customers for flexible products with a greater attention, compared to 2013, and bonds confirming a preference for the version that detaches the dividend,” said Alfieri himself, remembering the demand for equity funds primarily in Europe. Returning to the data of the system the institutional mandates, weighing more funds on total capital, store the year with about subscriptions doubled compared to 2013 and amounted to 31.7 billion. More …
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