Press Clippings

The four risks that were dominant a few months ago have not disappeared, but have eased. This observation opens the article published by “L’Economia”, the weekly financial insert of leading Italian daily newspaper Corriere della Sera, that contains an interview with Eurizon CEO, Saverio Perissinotto, who comments on 3Q 2020 results. About these four risks, Perissinotto says: “It is part of our job to always see the glass half full. But it is true that these factors have changed, and not for the worse. I mean the outcome of the US election, the resulting possibility of a new fiscal stimulus package promoted by the Biden administration, the announcement of Covid treatments and vaccines, and the fact that Brexit, almost forgotten but still very much under way, could take a less extreme turn at the current juncture”.

Focus on Covid and the US election, alternative PIRs set to go, ESG investments still substantial. Eurizon’s Chief Executive Officer and General Manager, Saverio Perissinotto, answered a broad array of questions in an interview with QN, following the release of the AM company’s significant results for the firsts half of 2020: assets under management of 328 billion euros (+5% vs. 1Q and +4% y/y), consolidated net earnings of 211.7 million, fee income of 343.5 million, and net investment inflows of 2.4 billion in 2Q.

Part of the pickup in asset management performance in the third quarter of the year (net investments positive by 9.5 billion, according to Assogestioni) was generated by balanced funds.

Börsen-Zeitung, Germany’s most important daily financial newspaper, has published a long interview with Eurizon’s CEO, Tommaso Corcos. The main points covered are summarised below.

The extra mile. This is the title of Expert Investor’s article about the evolution of the fund selector process.

An educational platform created by Eurizon. The company’s Head of Sales and Business Education, Alessia Golinelli, presented the platform to QN, the Italian consortium of daily newspapers, as part of the Financial Education Month, which consists of a series of initiatives on the theme throughout Italy, from 9 to 31 October.