Amundi (AMUN.PA) — Europe’s largest asset manager — reported €15.1 billion ($17.6B) in net inflows for Q3, surpassing analyst expectations amid continued ETF growth and robust performance from its Asian joint ventures.
This pushed total assets under management (AUM) to a record €2.32 trillion ($2.71T), up 5.7% year-on-year, despite currency headwinds from the USD and INR.
Amundi’s ETF division reached the €300B milestone for the first time, highlighting sustained investor appetite for low-cost passive strategies.
Adjusted net income rose 0.8% YoY to €340M, beating forecasts, while net revenue climbed 4.9% to €815M, driven by higher management fees and technology revenues.
CEO Valérie Baudson reaffirmed Amundi’s commitment to its partnership with UniCredit, which covers €88B in assets and is set to expire in July 2027, noting that renewal discussions remain open ahead of the firm’s 2028 strategic plan presentation on November 18.