Amundi : Good performance in Q1 attests to resilient business model
>AuM up 1.6% in Q1 2023 - Amundi reported its Q1 2023 earnings last Friday. Total assets under management stood at € 1.934bn at end-March, down 4.3% on end-March 2022, but up 1.6% on end-2022. The amount of AuM was close to expectations, with greater-than-expected net outflows offset by a more favourable than expected mark to market impact. AuM excluding JV came in at € 1.642bn at end-March (+2.1% vs end-2022). Amundi posted net outflows of € 11.1bn in Q1 (vs net inf...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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