Amundi posts Q3 net inflows of 6.5 billion euros
Amundi reported third quarter net inflows of 6.5 billion euros following the loss of a large Indian institutional mandate. Despite this drop, adjusted net profit rose twenty percent year on year to 409 million euros as assets under management grew.
Insights:
Amundi posted third-quarter net inflows of €6.5B on Thursday morning, marking a sharp deceleration from previous quarters due to outflows in India. Europe's largest fund manager attributed the slowdown to the loss of a €39B institutional mandate at its joint venture. Management said the shift had a negligible impact on earnings despite the headline drop.
