Amundi’s thematic center CPR AM has reported assets under management of €46bn at the end of December 2017, up 17% year-on-year.
Net new inflows have amounted to €5.6bn of which €770m were generated internationally over last year. Thematic, multi-asset and inflation-linked strategies drove the flows.
The firm said it has doubled international AUM with over €3.8bn of inflows.
“International inflows for our Luxembourg-domiciled SICAV fund CPR Invest increased over 220% in the last year and will continue to drive the expansion of our distribution efforts globally,” it specified in a statement.
CPR AM said it registered an increase of inflows in Italy, Austria, Spain, Luxembourg, and the Czech Republic, as well as in Hong Kong and Taiwan.
Fund launches on the way
The thematic manager has plans to expand its international footprint and set a target to generate 50% of its inflows internationally. CPR AM said it has “new strategies in the pipeline” and that it will push the distribution of its CPR Invest- Global Disruptive Opportunities fund, which gathered €370m of assets in 2017, across the world.
Other developments will be on environmental, social and governance criteria aimed to be integrated into all active funds run by CPR AM and on the firm’s quantitative management approach.
Valérie Baudson, CEO of CPR AM, said: “We have made remarkable progress to date, and are confident of fulfilling the ambitions we set for ourselves two years ago. CPR AM’s ability to innovate and identify new sources of growth, combined with the support of our parent company Amundi, are driving our strategic growth plans. I’m looking forward to 2018 as CPR AM goes from strength to strength, both in France and globally.”