In a month marked by significant market volatility and uncertainty, Banca Generali has reported a robust total net collection of 360 million euros for March 2025. This figure is indicative of the bank's resilience amid challenging economic conditions, particularly following the introduction of tariffs by U.S. authorities that have rattled global markets.
Managed solutions at Banca Generali reached 160 million euros in March, contributing to a total of 427 million euros since the start of the year, which represents a remarkable 131% increase compared to the same period last year. This growth is largely attributed to the popularity of financial containers, which saw net flows of 180 million euros for the month, and a total of 364 million euros since January, marking a 27% rise year-over-year.
In addition, the funds and Sicav (Société d'Investissement à Capital Variable) continued to show a positive net collection trend, accumulating 50 million euros in March and 160 million euros since the beginning of the year. These figures more than offset the outflows from third-party funds, showcasing the effectiveness of Banca Generali's offerings in a fluctuating market.
However, the demand for administered accounts has shown signs of slowing down compared to the peaks experienced in the corresponding period last year. This trend reflects a gradual decline in yields for fixed-income products, which has made actively managed solutions more appealing for long-term financial planning.
Notably, liquidity at Banca Generali has reversed its trend, recording a positive influx of 130 million euros in March, bringing the total for the year to 350 million euros. This is a significant turnaround compared to the outflows of 120 million euros observed in March of the previous year.
Gian Maria Mossa, the bank's CEO, commented on the results, stating, "A solid outcome in a month that was certainly more challenging due to changing market conditions, where the versatility and quality of our offerings have made a difference, as evidenced by the composition of managed assets. In the context of greater uncertainty, we remain focused on medium- to long-term initiatives, emphasizing innovation and the development of various projects we have in the pipeline."
In the broader financial landscape, Fineco Bank also reported impressive figures for March, with total flows amounting to 1.109 billion euros, a 38% increase from March 2024. The bank's managed assets saw a significant boost, reaching 394 million euros for the month, which is more than three times the 120 million euros recorded in March of the previous year.
Fineco Asset Management (Fam) contributed to this growth with a retail collection of 261 million euros. However, the bank's direct collection was negative at -52 million euros, while administered assets stood at 767 million euros. Since the beginning of the year, Fineco has achieved a balance of 3.22 billion euros, up from 2.2 billion euros in the first quarter of 2024, which includes 1.1 billion euros in managed assets.
Fineco's total assets reached 142.3 billion euros, an 11% increase from 128.2 billion euros in March 2024. The surge in new clients has also been noteworthy, with 55,000 new clients acquired in the first quarter of the year, reflecting a 40% annual increase. The total number of Fineco clients as of March 31, 2025, has risen to 1,697,931.
Alessandro Foti, CEO of Fineco, stated, "The collection data for March shows how Fineco continues its path of strong growth, thanks to our ability to respond to the investment needs of an increasingly broad clientele. The increase in the number of new clients remains particularly high, while our network of financial advisors continues to be a solid reference point even in a phase of market uncertainty."
As both banks navigate through these turbulent times, their ability to adapt to changing market conditions and respond to client needs has proven crucial. Banca Generali's and Fineco's strong performances highlight the importance of innovative financial solutions and effective client management strategies in the current economic environment.
In summary, the financial sector is experiencing a dynamic shift, with both Banca Generali and Fineco showcasing their strengths through substantial net collections, a growing client base, and a commitment to innovation. As the market continues to evolve, these banks are well-positioned to meet the challenges ahead while capitalizing on emerging opportunities.
