Q1 2023 Anima Holding SpA Earnings Call Transcript
Good afternoon. This is the Chorus Call conference operator. Welcome, and thank you for joining the ANIMA Holding's First Quarter 2023 Results Conference Call. (Operator Instructions). At this time, I would like to turn the.
Conference over to Mr. Alessandro Melzi, CEO of Anima Holding. Please go ahead, sir.
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Thank you very much. Thank you, everybody, for attending our Q1 2023 conference call. As usual, I'll bring you through our presentation, and then I'll leave you -- we'll have some time for a Q&A session.
So I will start from Page 4 of the presentation with some highlights First of all, just to highlight that the total EM increased by approximately EUR 5 billion in the quarter. This is good news in respect of what happened last year. Net flows are influenced by a repositioning of our client base. We pull more towards fixed income products. We had -- we suffered an exit of a large mandate pension fund mandate in the quarter that affected our
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