Amundi : Good net earnings driven by performance fees but also a solid underlying trend
>AuM up 1.4% in Q2 2023 - On Friday, Amundi published its net earnings for Q2 2023. The amount of total assets under management was € 1,961bn at end-June, up 1.4% over the quarter (and 1.9% vs end-June 2022), a shade above our forecast (consensus € 1,954bn, our forecast € 1,941bn). Net inflow was € 3.7bn (0.2% of AuM), slightly better than expected (net outflow anticipated by the consensus at € 1.1bn), despite clients’ risk aversion and notably thanks to significant s...Amundi is a holding company. Through its subsidiaries, Co. provides advisory and investment management services. Co. provides savings, financial instruments, equity trading, credit activities, and investment solutions for both private individuals and institutional and corporate clients worldwide.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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