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High net inflows of +€14bn and net income2,3 up Q3/Q3 to €290m
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High inflows |
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Q3 net inflows: +€13.7bn, in MLT assets[1], Treasury products and JVs
Despite a risk-off environment: weak flows in the European asset management market1 Assets under management of €1,973bn at 30 September 2023, up +4.1% YoY, up +0.6% QoQ |
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Profitability maintained at a high level |
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Q3 2023: Adjusted net income[2],[3] of €290m, +3% Q3/Q3
9M 2023: Adjusted net income2,3 of €910m, +4.0% 9M/9M
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Continued development in our strategic priorities |
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Passive management - Q3 inflows: +€10.8bn Asia - Q3 inflows: +€3.4bn, with continued development in India, stabilisation in China Responsible Investment - extension of the range |
Amundi’s Board of Directors, chaired by Philippe Brassac, convened on 26 October 2023 to review the financial statements for the third quarter and first nine months of 2023.
Valérie Baudson, Chief Executive Officer, said:
“Amundi posted a good performance in terms of both business activity and financial results in the third quarter of 2023.
Our solutions, adapted to the high-interest-rate and high-inflation environment, continued to attract many clients against a backdrop of uncertainty, still characterised by significant risk aversion. Amundi generated high inflows of +€14bn, driven by our two strategic development priorities, passive management and Asia.
Net income was high, reflecting Amundi’s good operational efficiency and diversified profile. Quarter after quarter, these results confirm the Group's effective positioning on long-term growth trends and the relevance of our strategic plan.”
Footnotes
- ^ [1] Medium/Long-Term Assets, excluding JVs
- ^ [2] Net income, Group share
- ^ [3] Adjusted data: excluding the amortisation of intangible assets and Lyxor integration costs in 2022 (see Note on p. 8).
- ^ [4] As part of the Alba 2 investment programme
- ^ [5] In number of ETFs
Expert
Valérie Baudson
Member of Executive Committee of Crédit Agricole S.A., Chief Executive Officer of Amundi
Valérie Baudson is Deputy Chief Executive Officer of Crédit Agricole S.A. in charge of the asset management division and a member of the Executive Committee of Crédit Agricole SA since May 202[...]
Read moreContact
Corentin Henry
Head of Press Relations and Social Media
About Amundi
About Amundi
Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €2.2 trillion of assets[2].
With its six international investment hubs[3], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 5,700 employees in 35 countries.
Amundi, a trusted partner, working every day in the interest of its clients and society.
Footnotes
