Amundi : Resilient Q3 results with net inflow above forecasts
>A 0.6% increase in assets under management in Q3 - On Friday morning, Amundi reported net income for Q3 2023. The amount of total assets under management was € 1,973bn at end-September, up 0.6% over the quarter (and 4.1% y-o-y), a shade above our forecast (consensus € 1,961bn, our forecast € 1,947bn). Excluding JVs, the amount of assets under management remained stable in Q3 at € 1,663bn. Total net inflow was € 13.7bn (0.7% of AuM) above our forecast, with net inflow...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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