MILAN, July 29 Italian asset manager Banca
Generali a 37 percent increase in second-quarter net
profit to 49.6 million euros ($66.6 million) boosted by rising
assets under management and higher fees.
Total net inflows in the first half rose 64 percent to 2.3
billion euros, growing more than they had done in the whole of
2013 and bringing assets under management to 32.3 billion euros,
the company said in a statement.
In a slide presentation, Banca Generali raised its forecast
for net inflows this year to 3 billion euros from 2 billion
($1 = 0.7443 Euros)
(Reporting by Valentina Za and Maria Pia Quaglia)