Amundi achieves €35.4bn in net inflows in 2014
Crédit Agricole, one of the two French groups founders of Amundi with Societe Generale, has reported that Amundi achieved €35.4bn in net inflows in 2014, with €13.1bn in Q4 2014.
In detail, the firm explained the inflows were “driven mainly” by institutional investors and large corporates (€19.5bn), third-party distributors (€10.8bn) and branch networks abroad (€7.7bn). As at the end of December 2014, Amundi managed €866bn of assets, up 11.4% over the year.
Crédit Agricole said the market and currency effect reached €53.5bn. Long-term assets represented €36.3bn of the total inflows with €27.8bn in active management and €8.5bn in passive management in 2014. Inflows from non domestic market networks hit €23.4bn, primarily in Europe and Asia.
The firm said the net outflows in the French branch networks “continued to slow down” (-€2.7bn in 2014). “Excluding money market funds, net outflows were -€1.4bn over the same period, close to breakeven,” commented Crédit Agricole.
Amundi’s net income group share amounted to €369m in 2014, including €93m in Q4.