Brussels-headquartered Candriam Investors Group has reported a 8.5% growth (€7.8bn) in assets under management year-on-year in 2016.
Total AUM stood at €102bn at the end of 2016.
Net inflows amounted to €5.5bn primarily driven by the firm’s institutional clients in EMEA markets. Half of the net new cash recorded in 2016 has come from new partnerships established by Candriam.
Some €2bn have been into high yield strategies while €900m have been in emerging market debt and equity funds. Absolute performance and asset allocation strategies each reported €800m of net inflows and total return funds have boarded €400m in net new cash.
Candriam, which is owned by New York Life Investment Management, has expanded itself in the US with the opening of an office in New York but also in Korea and Japan to serve local institutional clients under Nylim international’s umbrella.
Naïm Abou-Jaoudé, CEO of Candriam Investors Group and chairman of NYLIM International, said: “Our consistent growth over the past 3 years is based on three key pillars of our business model. First, our successful distribution strategy in Europe; secondly, our increased global footprint and, finally, our commitment to always build long-term trusted partnerships based on our primary values – Conviction in what we do, and our sense of Responsibility to always meet our clients’ needs.’’
Candriam has launched a number of strategies : market neutral, convertible bonds, long/short digital, SRI bond emerging debt and robotics.
In 2017, the group will launch a “Candriam Institute for Sustainable Development” to support and develop academic researches and actions, as well as an “SRI web academy” for financial advisers, to raise their awareness of these matters.