Amundi posts €39.1bn inflows over nine months
Paris-headquartered Amundi has reported inflows of €39.1bn over the nine first months of 2016.
The manager also benefitted from a positive market effect (+21.7bn) and scope effect (+8.6bn).
Amundi’s assets under management totalled €1.05trn as at 30 September 2016 (+10.8 yoy).
The company said inflows were driven by a robust sale momentum on medium/long-term assets which posted +€25.8bn of net subscriptions between January and September.
Institutional clients have accounted for 56% of net inflows recorded (€25bn) over the first nine months of 2016. Some 85% of institutional inflows have been on medium/long-term assets.
The retail client segment posted inflows of €14.2bn between January and September.
Also Amundi’s net income has increased by 5.3% in nine months to €415m.
The manager’s revenue has risen by 0.7% to €1.23bn. Its net revenue was up (+5.1%), and the cost/income ratio improved (-1.1pp) to 52.2%.
Commenting on the figures, Yves Perrier, CEO, said:“ The first nine months of 2016 illustrate that Amundi is capable of delivering consistent performance, quarter after quarter, despite a market environment still marked by strong risk aversion on the part of our clients.”