Amundi boosted by €3.7bn inflows in Q2
In total, retail investors added €2.1bn to Amundi’s AUM, with €1.9bn of this in treasury products.
In its H1 and Q2 results published today (28 July), the firm reported adjusted net income of €320m, up 19% from Q2 2022, and a boost of 6.7% when compared to the first quarter of 2023. This brings the figure for the first half of the year to €620m, up 4.5%.
The firm attributed the positive result to an increase in revenues and an improvement in operating efficiency, resulting in a more moderate increase in expenses than in revenues.
Amundi collected €3.7bn in inflows, both in Medium-Long Term (MLT) assets and treasury products, in the retail and institutional client segments. The group's total assets under management rose 1.9% year-on-year and 1.4% quarter-on-quarter to €1.9bn.
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The firm's treasury products attracted the most inflows, at €2.4bn, while MLT strategies saw inflows of €2.2bn, mostly driven by ETFs (€2.5bn), active bond management (€3.2bn), structured products (€2bn) and real assets (€0.6bn).
The largest amount of MLT outflows were concentrated on institutional mandates (€2.4bn), multi-assets (€4.3bn) and index products excluding ETFs (€2.2bn). Its joint ventures also posted outflows of €900m, due to redemptions by large institutions in China.
In total, retail investors added €2.1bn to Amundi's AUM, with €1.9bn of this in treasury products, while the firm's institutional segment posted positive inflows of €2.4bn, including MLT assets of €1.9bn.
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CEO Valérie Baudson said: «Amundi posted a very strong financial performance in the second quarter, despite persistently uncertain markets. Its net income increased
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