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Amundi claims ETF inflows of twice as fast as the market in 2017

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Amundi’s results for 2017 show that all the targets announced at the IPO have been surpassed, with net inflows of EUR71 billion, leading to assets under management of EUR1,426 billion. The firm reports combined and adjusted net earnings of EUR918 million, up +14 per cent.

Combined assets under management reached EUR1.426 trillion on 31 December 2017, benefiting from the contribution of Pioneer’s assets (+EUR242.9 billion; consolidated from H2 2017), strong inflows (+EUR70.6 billion) and a favourable market effect (+EUR26.7 billion), particularly in equities.

The firm writes that all net inflows were strong and diversified. Each client segment, management expertise and region recorded positive net inflows. These were largely driven by strong trends in Retail (70 per cent of the total), the International segment (73 per cent) and medium/long-term products (51 per cent).

In ETFs (+EUR10.2 billion), Amundi says it has grown two times more than the market in terms of inflows in 2017, followed by real estate (+EUR4.9 billion), emerging market assets (+EUR7.4 billion) and diversified products (+EUR18.9 billion).

Commenting on the figures, Yves Perrier, CEO, said: “As in 2016, in 2017 Amundi has exceeded the business and financial targets that were set when it was listed in late 2015. These good results confirm the strength of Amundi’s business model, which has been further boosted by the integration of Pioneer in three key areas: distribution capacity, expertise and talent. In this context, the new targets for 2018-2020 provide for acceleration in growth and profitability, with in particular a two-fold increase in net income in relation to the level seen at the time of Amundi’s listing.”

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