Assets under management at Amundi increased 5% over the three months ended Sept. 30, and 10.7% over the year ended that date, to €1.05 trillion ($1.2 trillion), said a financial update Friday.
Amundi's August acquisition of an 87.5% stake in KBI Global Investors, formerly known as Kleinwort Benson Investors, added €8.6 billion in AUM.
The money manager recorded net inflows for the quarter of €22.3 billion, of which €18.3 billion was institutional business. That compares with a total €3 billion of net inflows for the previous quarter, with institutional business suffering net outflows of €5.3 billion; and €19.2 billion of net inflows in the year-earlier quarter. Net inflows for that period totaled €9.6 billion.
Institutional assets under management totaled €773 billion as of Sept. 30, up 5% from June 30 and up 9.8% from Sept. 30, 2015.
Amundi earlier this month confirmed its interest in acquiring Pioneer Investments, owned by UniCredit.
