Amundi inflows continue but at slower rate

The pulling of €10.3 billion from Amundi by institutional investors during the second quarter has slowed the rate of inflows into the Paris-based fund manager.

Despite net new money from retail investors of €12.9 billion, second quarter net inflows were €2.6 billion, down steeply from first quarter inflows of €39.8 billion.

Confirming its position as Europe’s largest fund manager, total assets under management stood at €1.47 trillion at the end of June.

Amundi chief executive Yves Perrier said that during the first half of the year the firm had come in “ahead of its strategic roadmap for both business activity and profitability”.

“These excellent results, in a less favourable environment, confirm the strength and the resilience of the group’s business model, which relies on its diverse business lines,” he said.

He added that the integration of Pioneer Investments, the Italian fund business which Amundi bought last year from Unicredit, had been successful and was now “bearing fruit”.

©2018 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST