Amundi : Good Q2 growth, driven by JVs and third-party networks
>Assets under management up 1.9% in Q2 - Amundi reported its Q2 2024 earnings last Friday. The amount of assets under management was € 2,156bn at end-June, up 1.9% over the quarter (+9.9% y-o-y) a shade above forecasts (consensus at € 2,139bn, our forecast € 2,125bn) thanks to net inflows and a better-than-expected impact from market variations, notably due to JVs. The amount of assets under management was close to forecasts at € 1,800bn (+0.9% in Q2). Net inflows st...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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