Amundi posts 18% AUM growth yoy

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Credit Agricole SA has published Amundi’s results for Q1 2015.  The assets under management of the firm amounted to €954.2bn at end-March 2015, up 8.7% qoq and 18% yoy.

The French asset manager has boarded record net new inflows of €24bn. Half of which were realised outside of France, mainly in the rest of Europe and Asia.

About 50% of all net new inflows have been invested into long-term assets (€12.2bn), mainly into bonds, diversified and ETF instruments and the other half into cash (€11.8bn).

The business growth has been provided by all customers segments. Retail customers’ new inflows accounted for €9.9bn while those coming from institutional and corporate investors amounted to €14.1bn. Amundi also highlighted a return of positive net new inflows from networks in France.

The positive market and currency impacts amounted to €47.4bn. The group has also acquired Austrian asset manager Bawag Invest, which brought €5.3bn in assets under management, during Q1 2015.

Amundi’s net income has grown by 27.7% yoy to €125m in Q1 2015.



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