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Amundi publishes first quarter results

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Amundi has published its first quarter 2016 results, showing net inflows of EUR13.8 billion, 6 per cent of assets under management, and the inflows were well balanced between medium/long-term assets (+EUR6.9 billion) and treasury products. 

Some EUR12 billion of the inflows came from the institutional client segment. Assets under management remained stable at EUR987 billion, compared with end 2015, due, the firm says to a negative market effect of EUR11.6 billion over the quarter,  offsetting a large share of the net inflows. Assets were up 3 per cent year on year.
 
In terms of net income, the group share  was EUR130 million, up +1 per cent year on compared with the first quarter of 2015 while net revenue was down 3 per cent compared with the first quarter of last year at EUR395 million. The cost/income ratio stands at 53.7 per cent, against the first quarter of last year’s figure of 52.7 per cent.
 
Commenting on these results, Yves Perrier, CEO, says: "The solid net inflows and earnings in the first quarter, achieved in a challenging market environment, are a reflection of the strength of Amundi's business model, based on broad business diversification by expertise, client segment and region."
 
 
 

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