Azimut Group

Developed Markets: Q3 2024 Earnings Season Monitor This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 US exceptionalism is once again confirmed by the ongoing reporting season: YoY EPS growth was 9% in the US, low-single-digit in Europe and negative in Japan 🔹 Big Tech earnings were generally ahead of expectations, despite several companies citing capacity constraints, supporting the view that AI remains a compelling longterm growth story 🔹 Looking ahead, guidance for the next quarter is more positive for U.S. companies than for European ones, with optimism surrounding margins and artificial intelligence, and caution regarding China and inventories #Azimut #AzimutGlobalView #AzimutGlobalTeam

In October, Azimut through the combined efforts of all its distribution networks and global partnerships recorded even stronger net inflows than in previous months and the more than 1 billion euros directed into managed solutions, out of 1.7 billion euro in total net inflows, confirms the robust organic growth observed across the entire global platform. Since the beginning of the year inflows reached 14.3 billion, surpassing the revised full-year target in just 10 months, while Total Assets have grown by 19%. Read more: https://lnkd.in/dGBv76Mv

Azimut's ninth International Conference was held in the beautiful setting of Istanbul, bringing together more than 300 professionals from the 18 countries in which we operate. It was an extraordinary opportunity for discussion and growth, enriched by the speeches of our speakers and the active contribution of all participants. This year's theme, Bridge from the Future, highlighted the importance of building connections between the present and the future in an ever-changing world. This concept perfectly represents Azimut's spirit of innovation, which guides us in shaping tomorrow. #azimutinternationalconference #azimutbridgefromthefuture

RESURGENCE OF US EXCEPTIONALISM This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 US Nonfarm payroll reported a 254k increase in September, beating consensus expectations of a 150k increase. The US ISM services indicator also increased more than expected to 54.9, the highest level since February 2023 🔹 In light of recent economic and employment data, it’s likely that the Fed will proceed at a slower pace in its rate-cutting cycle, opting for 25bp cuts rather than 50bp 🔹 The rally in Chinese equities partially reversed after domestic authorities' announcements disappointed market expectations. However, sentiment was stabilized by further communications from the Ministry of Finance (MOF), now leaving investors waiting for the next National People’s Congress (NPC) meeting #Azimut #AzimutGlobalView #AzimutGlobalTeam

We are thrilled to announce we are official sponsor of Juventus Football Club. From the next match, Azimut will take to the pitch as Principal Partner appearing on the left sleeve of the official Juventus shirt worn during Serie A, Coppa Italia, UEFA Champions League and FIFA Club World Cup matches, and on the LEDs on the sidelines during home championship and Italian Cup matches.   In addition to the main brand, Beewise Investment App | Azimut, the Group's investment app designed for young people but also aimed at a broader client base, will also be involved.   A collaboration founded on shared values that reaffirms our commitment to excellence and the enhancement of the Group's successful path in asset and wealth management in Italy and worldwide.

🚀 Today we’re talking about Kleecks, an Italian startup operating in the mar-tech sector, committed to creating a revolutionary SaaS product to support digital marketing efforts. Founded in 2015 with the mission of increasing revenues generated through online channels, streamlining procedures, and reducing costs and time-to-market, Kleecks now boasts over 150 clients worldwide and collaborates with more than 20 partners. To further develop the platform, Kleecks recently launched a funding round, with participation from Azimut Digitech Fund, advised by Fndx, and Azimut Eltif – Venture Capital – ALIcrowd III by Azimut. The capital raised will allow Kleecks to consolidate its position in key markets and expand into new business areas. Please note that the Azimut Digitech Fund is closed for placement.

Azimut Group concludes September 2024 with particularly strong inflows, confirming the strengths of its diversified business model and its presence in 18 countries around the world. In September 2024, Azimut Group recorded a net inflow of €1.2 billion, of which over €1 billion (82%) was directed towards managed solutions. The total net inflow since the beginning of the year now amounts to €12.5 billion. Total Assets under Management stood at € 65.8 billion and including assets under administration reached a new record of € 106.1 billion at the end of September. Read the full press release: https://lnkd.in/dGBv76Mv

🏆 Congratulations to Azimut Investment Management Singapore Ltd. and the whole team for the Awards received at the WealthBriefingAsia EAM Awards 2024!

FED OVERDO, PBOC OVERDUE This is the title of the new issue of #AzimutGlobalView, the summary document of the investment views of our Global Team that work in synergy and integration with the distribution network. 🔹 The Fed began its rate cut cycle with a 50 bps reduction, more than the market expected, and slashed projections of where rates might be at the end of 2024 and 2025. 🔹 Given the trajectory of inflation and the weakening labor market, the Fed is likely to deliver the cuts projected by the dots, with the possibility of doing more if needed. 🔹 After years of market-hostile policies, China has finally pulled out the monetary and fiscal bazooka. The rebound that started last week still has legs. #Azimut #AzimutGlobalView #AzimutGlobalTeam

Azimut Group has entered a strategic partnership with funds managed by Oaktree Capital Management, L.P., to further support the growth of its Australian subsidiary AZ NGA Next Generation Advisory, specialized on acquiring minority and majority equity stakes in high-quality financial advisory and accounting firms across Australia. As part of this binding agreement, Oaktree will invest A$240 million to acquire a stake in AZ NGA’s financial advisory and accounting network from Azimut and local shareholders, valuing the Company at a total enterprise value of A$6901 million, while Azimut remains committed to AZ NGA and will maintain a long-term stake of at least 25% in the business, reflecting its confidence in the Company’s continued success. This transaction is designed to foster AZ NGA’s growth trajectory and represents a significant evolution for the company, bringing AZ NGA a step closer to achieving its vision of becoming Australia’s leading professional advisory firm. Learn more in the press release: https://lnkd.in/dGBv76Mv