Connect with us

Hi, what are you looking for?

Stock

France’s Amundi reports $8.5 billion in net inflows in Q2

Stock Markets30 minutes ago (Jul 30, 2021 03:40AM ET)

(C) Reuters. FILE PHOTO: The Amundi company logo is seen at their headquarters in Paris, France, October 7, 2015. REUTERS/Philippe Wojazer

PARIS (Reuters) – French asset manager Amundi reported on Friday 7.2 billion euros ($8.55 billion) in net inflows in the second quarter, saying investors’ appetite for more risky assets such as equity had improved in the quarter.

Amundi, which is majority-owned by French bank Credit Agricole (OTC:CRARY), said inflows in medium and long term assets have offset outflows in treasury funds.

The company also said it has recorded “exceptionally high” performance fees at 155 million euros that compared to a quarterly average of 42 million euros from 2017 to 2020.

“This exceptional level was largely a reflection of the 12-month increase in the equity markets and should normalise over the next few quarters”, Amundi said in a statement.

At the end of June, its assets under management amounted to 1.8 trillion euros, up by 2.2% from end of March. Assets were up by 12.7% year-on-year.

Amundi, which bought asset manager Lyxor from Societe Generale (OTC:SCGLY) this year, said it planned to complete the integration at the end of 2021.

“The acquisition of Lyxor, whose integration is being actively prepared, will be a new growth driver”, Amundi CEO Valerie Baudson said.

($1 = 0.8418 euros)

(This story was corrected to read trillion (not billion) in paragraph 5)

France’s Amundi reports $8.5 billion in net inflows in Q2

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt.

Uncategorized

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione.

Uncategorized

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum.

Uncategorized

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora.

Disclaimer: Buzzclever.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial or health advice. Copyright © 2021 Buzz Clever. All Rights Reserved