Business · Companies · 2 hrs ago
Mediolanum aims to manage at least €10 billion in Spain by 2030
Mediolanum International Funds Limited plans to expand its business in Spain and manage at least €10 billion there by the end of 2030.
Its assets under management in Spain rose from €3.82 billion in 2023 to €5.96 billion as of August.
The firm’s detailed 2030 targets total €12.65 billion in investment funds and portfolio mandates, above its headline goal of at least €10 billion.
Including advisory business, it says the total could reach nearly €18.7 billion.
Mediolanum plans to keep using multiple managers while increasing the share of portfolios it manages directly, to avoid concentrating risk.
It is developing a product combining public and private investments for Spanish savers, with monthly liquidity and a focus on people with savings to invest.
The company’s chief executive also argues that Spain’s proposed savings account should have a 10-year investment horizon, rather than five, and allow global investment.
Mediolanum International Funds Limited aims to manage at least €10 billion in assets in Spain by the end of 2030.
The firm reported €5.96 billion in assets under management through August, up 56% from €3.82 billion in 2023.
Its targets for 2030 include €6.8 billion in investment funds and €5.85 billion in portfolio mandates, totalling €12.65 billion.
Including its advisory business, the firm aims for nearly €18.7 billion in assets in Spain by 2030.
CEO Furio Pietribiasi said the firm would retain its multimanager model to avoid concentrating unnecessary risk.
- Who
- Mediolanum International Funds Limited, the Italian asset manager.
- What
- It aims to manage at least €10 billion in assets in Spain by 2030, with a stated target of €12.65 billion excluding advisory.
- When
- By the end of 2030. The firm reported current assets through August.
- Where
- Spain.
- Why
- The firm aims to grow its business; it says it will continue using an open-architecture, multimanager model to support that growth and avoid concentrating risk.
This story does not have two clearly opposing sides.
Mediolanum managed €3.82 billion in assets in Spain.
Its assets under management in Spain had grown to €5.96 billion.
The firm aims to manage €12.65 billion in funds and portfolio mandates in Spain.
Including advisory, the firm aims for nearly €18.7 billion in assets in Spain.
- Assets under management through August
- €5.96 billion
- Assets under management in 2023
- €3.82 billion
- 2030 funds target
- €6.8 billion
- 2030 portfolio mandates target
- €5.85 billion
- 2030 target including advisory
- Nearly €18.7 billion
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