None
DE
Amundi first-half profits rise 22% as assets hit record €2.58tn
['Mark Latham']
Funds Europe
Adjusted net revenue rose 13.8% to €1.84bn, with net management fees up 11.3% to €1.62bn and performance fees more than doubling to €123m.
Assets under management reached an all-time high of €2.58tn at the end of June, up 13.9% year on year and 7.6% during the second quarter.
Net inflows totalled €56.4bn, the highest first-half figure in Amundi’s history, including €24.4bn in the second quarter.
Valérie Baudson, chief executive, described the second quarter as “a remarkable performance” and said Amundi was entering the second half “with strong momentum”.
Second-quarter adjusted net income rose 28.9% to €431m, on adjusted revenue of €933m, up 18%.