Reported 28 days ago
Amundi, Europe's largest fund manager, reported net inflows of 2.9 billion euros for Q3, attributed to strong demand for ETFs and favorable conditions in Asia, particularly its operations in India. Despite a comparatively lower inflow due to a lost mandate from a major insurance client, total assets under management rose to 2.19 trillion euros, an 11.1% increase year-on-year. CEO Valerie Baudson noted a positive market momentum for passive management, while the company remains open to strategic acquisitions within the sector.
Source: YAHOO