Eurizon Asset Management has reported a 3.6% year-to-date hike in assets under management in the nine months to the end of September 2021.
The manager saw assets climb to €432 billion, while consolidated net income increased 36% during the first nine months of the year, to €577.7 million.
Fee and commission income also hit €226.6 million, 27% increase over the period, while net inflows climbed to €7.5 billion since the start of the year.
Assets under management of the firm’s Chinese subsidiary Penghua Fund Management surpassed €130 billion over the first nine months of 2021 and inflows reached almost €20 billion.
This year, the firm also joined the Net Zero Asset Managers Initiative and the Institutional Investors Group on Climate Change (IIGCC).
According to the firm, assets, particularly over the past three months, saw an acceleration and €5.6 billion in total inflows, driven by Italy’s asset management industry and from abroad.
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