Acquisition of Independence boosts monthly inflow figure (Il Sole 24 Ore Radiocor) - Milan , 06 Jun - The Italian asset manager Azimut said it registered a net investment inflow of 6.9 billion euros in May, of which 6.1 billion due to the acquisition of US wealth management group Independence.

Independence, with total assets of 12.5 billion dollars, was recently acquired by Sanctuary Wealth, in which Azimut holds a 53.37% stake.

Due to the deal, Azimut's net investment inflow in the first five months of 2024 rose to 9 billion euros, over its previous objective of a 7 billion inflow for the year.

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(RADIOCOR) 06-06-24 12:53:19 (0320) 5 NNNN