Amundi has enjoyed inflows in the second quarter of 2023 despite the “risk-averse” environment as investors piled into treasury assets.
In its H1 and Q2 results published today (28 July), the firm reported adjusted net income of €320m, up 19% from Q2 2022, and a boost of 6.7% when compared to the first quarter of 2023. This brings the figure for the first half of the year to €620m, up 4.5%. The firm attributed the positive result to an increase in revenues and an improvement in operating efficiency, resulting in a more moderate increase in expenses than in revenues. Amundi collected €3.7bn in inflows, both in Medium-Long Term (MLT) assets and treasury products, in the retail and institutional client segments. The gro...
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