Amundi : The group is showing strong resilience in a tough context
>Lower outstandings close to estimates and resilient net inflows - Amundi released its Q2 2022 net income on Friday. The amount of assets under management was down 4.8% in Q2 to € 1,925bn at end-June, a shade above the consensus (€ 1,907bn) and marginally below our forecast (€ 2,934bn). The decline in managed assets is due to the negative impact of market variations (-4.8% over the quarter), while net inflows were better than expected at +€ 1.8bn (vs net outflows of €...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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