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MONEY MANAGEMENT

Amundi’s AUM jumps 8.5% in first 9 months of the year

Amundi Asset Management's assets under management increased 8.5% to €952 billion ($1.07 trillion) over the nine months ended Sept. 30, but fell 0.2% in the latest quarter.

Net inflows for the first nine months were €65.8 billion, compared with €20 billion of net inflows for the nine months ended Sept. 30, 2014, said a financial update from the money manager. Institutional net inflows accounted for €31.5 billion of that total, compared with €11 billion for the same period in 2014. Over the three months ended Sept. 30, net inflows were €19.2 billion, compared with €8.6 billion for third quarter 2014. Institutional business net inflows accountedfor €9.6 billion of the quarterly total, vs. €4.4 billion for three months ended Sept. 30, 2014.

The update said 60% of total net inflows originated outside of France over the nine months ended Sept. 30, while 66% of total net inflows came from outside of France over the three-month period. International assets under management totaled €216 billion at Sept. 30. Comparable figures were not available.