Table of Contents:
Net inflows and assets under management
Amundi, Europe’s leading asset manager, closed the third quarter of 2024 with net inflows of 2.9 billion euros, in line with analysts’ expectations. This result brought the total number of assets under management (AUM) to reach 2,190 billion euros, an increase of 11.1% compared to the same period of the previous year. Despite a lower collection volume than in previous quarters, demand for low-risk products supported Amundi’s overall results
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Investment strategies and performance
Transactions in Asia and the growing interest in secure investments, in particular through medium and long-term ETFs and ETCs, have contributed to a net increase of 7.8 billion euros. This balanced outflows in active management, which reached 7.1 billion euros, especially in the equity and multi-asset sectors. Analysts had expected average net inflows of 2.3 billion euros, but demand for secure investments exceeded expectations, demonstrating the resilience of Amundi’s strategy
.
Acquisitions and future growth
CEO Valérie Baudson highlighted the growth of the passive management segment and the contribution of Asian operations, including the joint venture in India, to net inflows. In addition, the announcement of the acquisition of AXA’s asset management arm by BNP Paribas has increased interest in possible mergers in the sector. Baudson said that Amundi remains open to new acquisitions, as long as they meet strict return on investment criteria. This openness to strategic acquisitions could further strengthen Amundi’s position in
the European market.
Financial results and prospects
Amundi concluded the third quarter with an adjusted net profit of 337 million euros, an increase of 16.1% compared to the same period of 2023. Adjusted net revenues reached 862 million euros, an increase of 10.5%. Baudson commented that the results demonstrate the company’s continuous strategic progress and growth potential. Assets under management reached a record level of 2.2 trillion euros, highlighting Amundi’s ability to support customers and meet their needs, thus positioning itself to seize growth opportunities
in the savings sector.
