Brussels-headquartered asset manager Candriam has reported assets under management of €112.6bn for the full year 2017, forming a 10.5% rise in AUM (+€10.7bn).
Net inflows have totalled €7.1bn, that were recorded through several major mandates. The Belgian firm highlighted that distribution has been particularly strong in France, Belgium, Italy, Spain and Switzerland.
Bond strategies led net new cash flows (€3bn), emerging markets (€1bn inflows) and fixed income credit (€500m inflows) having been the most popular strategies within the segment.
Absolute return funds’ inflows stood at €700m over 2017 while global equities and EM equities gathered more than €2bn in net new money last year. The remaining €1.4bn were boarded in multi-assets strategies.
Socially responsible investing formed 27% of Candriam’s AUM as of 31 December 2017. The Belgian has been awarded the French government-backed SRI label for five of its funds last year and launched an academy for SRI.
2017 has been the year of several fund launches for the Belgian manager (robotics, long/short, global high yield, ESG smart beta ETFs). Earlier in 2018, Candriam acquired a 40% stake in real estate boutique Tristan Capital Partners to add real estate to its institutional offering.
Naïm Abou-Jaoudé (pictured), CEO of Candriam and chairman of Nylim International, said: “The growth we recorded in 2017 is a great recognition of the long-term trusted relationships our teams have built with all of our clients. Our growth trajectory and ranking as one of the leading brands in Europe and beyond, is the result of our well-recognized expertise and responsible approach to investments.
“Our driver has always been to be a trusted long-term advisor for each and every single client. Our clients can be assured that our organic and external growth initiatives always aim to best accompany their specific investment needs. Through our in-house capabilities and the support and synergies with our parent group, New York Life, we bring our clients a true global offer whilst being local. This client-centricity will always remain at the heart of Candriam’s business philosophy.”