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Amundi Reports Surge In Profit, AuM

Amisha Mehta

31 October 2016

Paris-headquartered saw its pre-tax income jump 8 per cent year-on-year to €197 million ($215 million) in the third quarter of 2016.

Net revenues were up 5 per cent year-on-year at €396 million as assets under management increased 11 per cent to €1.054 trillion. Of this, €777 billion were held in medium- to long-term assets as at the end of September 2016, up 12 per cent from a year earlier.

Meanwhile, the company’s cost/income ratio improved, declining 1.1 percentage points to 52.2 per cent.

“Amundi's performance at the end of September 2016 is in line with the objectives announced at the time of the IPO, both in terms of inflows and income. The first nine months of 2016 illustrate that Amundi is capable of delivering consistent performance, quarter after quarter, despite a market environment still marked by strong risk aversion on the part of our clients,” said chief executive Yves Perrier.

In recent growth initiatives, Amundi last month combined its capabilities in real and alternative assets into one platform, with plans to double the €34 billion in assets that it already manages in this area by 2020. At the end of August, the company completed its acquisition of an 87.5 per cent stake in Dublin-based Kleinwort Benson Investors.