Amundi hit its highest level of assets under management in the firm’s history in the opening months of 2024, reaching €2.1trn, partly owed to the early completion of its Alpha Associates acquisition and partnership with US manager Victory Capital.
Its AUM rose 9.4% year-on-year overall, increasing 3.9% over the first quarter alone. This was partly driven by various "market dynamics", including positive foreign exchange effect alongside overall net inflows hitting €53.5bn over 12 months to the end of March 2024. US sustainable funds suffer highest redemptions on record in first quarter In Q1, Amundi recorded net inflows of €16.6bn, which the CEO Valérie Baudson noted were "very balanced" across its main client segments, variety of expertise bases and geographies. This pushed against the wider slowdown trend across European...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
