Amundi’s Q2 net inflows beat estimates on Asian contributions

Amundi, Europe’s biggest fund manager, posted better-than-expected quarterly inflows on Friday, driven by its Asian joint ventures amid sustained demand for risk-averse products.

Amundi’s total assets under management (AUM) rose by 15.5 billion euros ($16.8 billion) in the second quarter to 2.16 trillion euros at end of June, a record high and up 9.9% from a year earlier.

Analysts had expected net inflows of 8.8 billion euros on average, a consensus compiled by Amundi showed.

Source: REUTER