UBI Banca Group

As concerns mutual investment funds and Sicav’s, at the end of December the Assogestioni
(national association of asset management companies) figures 4 for asset management
companies of the UBI Banca Group reported the following for 2011:
• net negative inflows of €3.7 billion, corresponding to -17.7% of ASSETS UNDER MANAGEMENT
ORIGINATED at the end of 2010 (the fall for the sector nationally was €33.3 billion, -7.2% of
the assets originated twelve months before);
• assets originated of €16.5 billion – inclusive of assets entrusted under a management
mandate to Prudential totalling €2.73 billion (€1.50 billion of equity funds and €1.23 billion
of bond funds) 5 – a decrease of 21.3% compared to approximately €21 billion at the end of
2010, which places the UBI Group in sixth place in the Assogestioni 6 classification with a
market share of 4% (4.56% at the end of 2010);
• a reduction in assets originated by a greater percentage than that for the sector nationally
(-21.3% compared to -10.2%).
Fund assets originated
UBI Banca Group
Changes
31.12.2011 % 31.12.2010 %
Figures in millions of euro amount %
Equities 2,362 14.3% 2,734 13.1% -372 -13.6%
Balanced 1,293 7.8% 1,512 7.2% -219 -14.5%
Bond 9,387 56.9% 11,784 56.2% -2,397 -20.3%
Monetary funds 2,782 16.9% 3,715 17.7% -933 -25.1%
Flexible 612 3.7% 840 4.0% -228 -27.1%
Hedge funds 68 0.4% 378 1.8% -310 -82.0%
TOTAL (a) 16,504 100.0% 20,963 100.0% -4,459 -21.3%
Sector
Changes
31.12.2011 % 31.12.2010 %
Figures in millions of euro amount %
Equities 94,580 22.9% 107,423 23.4% -12,843 -12.0%
Balanced 18,277 4.4% 21,305 4.6% -3,028 -14.2%
Bond 180,040 43.6% 189,212 41.1% -9,172 -4.8%
Monetary funds 48,720 11.8% 62,333 13.5% -13,613 -21.8%
Flexible 62,051 15.0% 67,089 14.6% -5,038 -7.5%
Hedge funds 9,353 2.3% 12,686 2.8% -3,333 -26.3%
Total (b) 413,021 100.0% 460,048 100.0% -47,027 -10.2%
MARKET SHARE OF THE UBI
BANCA GROUP (a)/(b) 4.00% 4.56%
The summary figures in the table confirm the prudent approach of UBI Group customers as
follows:
a constantly higher percentage of lower risk funds (monetary funds and bonds)
compared to sector figures, accounting as a whole for 73.8% of the total (55.4% for the
Assogestioni sample), despite greater decreases, especially for bond funds (-20.3%
compared to -4.8%);
a percentage of equity funds that is increasingly smaller as a consequence than that for
the sector (14.3% compared to 22.9%), while the class has decreased more over twelve
months compared to the Assogestioni sample (-13.6% compared to -12%);
a relatively larger percentage of balanced funds (7.8% compared to 4.4%), while
investments in hedge funds almost disappeared (-82% year-on-year, compared to -
26.3% for the sector).
With regard to periodic surveys performed by Assogestioni (national association of asset
management companies), since August the new “Monthly map of assets under management”
4 “Map of assets under management (collective instruments and customer portfolio management)” for the 4 th quarter of 2011.
5 Funds managed under a mandate by Prudential as at 31 st December 2010 amounted to €2.65 billion (€1.71 billion of equity funds
and €0.94 billion of bond funds).
6 The Group fell by three places compared to December 2010, overtaken by Am Holding – a new asset management company created
in 2011 from an alliance between Anima SGR and Prima SGR, two asset management companies which, considered singly, have
lower assets under management and market share than those of the UBI Banca Group, – by the Mediolanum Group and by Franklin
Templeton Investment.
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