Amundi reaches AUM target one year ahead of schedule
Amundi reached at the end of June the €1trn AUM target it announced in 2014.
The objective was reached almost exclusively through organic growth and one year ahead of schedule, the asset manager said.
In the first half, Amundi’s net inflows amounted to €16.8bn, of which €3.bn were reached in Q2.
Net inflows for the first half were focused on medium to long-term assets, thanks to the positive contribution from all asset classes in this category, particularly equity, which brought in €5.7bn, in all regions, for both active and passive management, as well as fixed income (€6.3bn) and multi-asset (€2.7bn).
The ongoing strong business volume in real estate, with €1.7bn in inflows over the first six months of the year, and high inflows in volatility products, which also brought in €1.7bn over the period, were significant developments in business activity, Amundi said.
At €278m, income for the first half of the year was the highest since Amundi was created in 2010, up by 1.4% compared to the same period in 2015.
In the second quarter of 2016, the net income group share reached €148m, up 1.9% from Q2 2015.
“Amundi’s high level of activity and results in the first half of 2016, in a tough market environment, confirms the strength of its business model and excellent operating efficiency, as well as the value of the strategy presented at the time of its IPO,” said Yves Perrier, CEO of Amundi.