Italian funds outflows persist but abate in May
Open-ended funds marketed in Italy saw net outflows of €2.3bn in May after the €3.2bn recorded in April, according to latest statistics from Assogestioni, the Italian association of asset management professionals.
Milan
Since the beginning of the year, Italian funds have recorded outflows of nearly €6bn. The market trends reveal that Italian investors abandoned equity funds (-€2.7bn) and flexible funds (-€2bn) in May.