Asset management, collection in July is negative for 483 mln

The asset management industry in July recorded a negative net funding figure for the third consecutive month with outflows of € 483 million, according to partial data released by Assogestioni. From the beginning of the year, however, funding remains positive for € 9.3 billion, according to a statement. Assets under management fell slightly to 2.062 billion from 2.066 billion in June. Continue reading on REUTERS