Amundi saw assets under management fall 0.6% for the quarter ended June 30 but grow 11.7% for the year to €1.12 trillion ($1.28 trillion).
A financial update Friday said the firm had net outflows of €3.7 billion for the three-month period vs. €32.5 billion in net inflows for the previous quarter. The firm recorded €3 billion in net inflows for the quarter ended June 30, 2016.
For the six-month period, assets under management grew 3.5%, with total net inflows of €28.8 billion. That compares with €45.4 billion in net inflows for the previous six months and €16.8 billion for the first half of 2016.
The update said institutional assets were flat at €791 billion for the quarter but grew 7.5% over the year. The institutional business had net outflows of €11.2 billion in the quarter compared with €17.1 billion in net inflows for the three months ended March 31. For the quarter ended June 30, 2016, net outflows were €5.3 billion.
Institutional assets grew 1.8% for the first six months of 2017. Institutional net inflows were €5.9 billion, compared with €20.8 billion in net inflows for the previous six months and €6.7 billion for the first half of 2016.
The update said institutional net outflows were from Treasury strategies due to "seasonality effects." Amundi also completed the integration of Pioneer Investments on July 3, bringing total assets under management for the group up to €1.34 trillion.
"(Pioneer's) integration is well on track," said Amundi CEO Yves Perrier in a statement accompanying the update. "This acquisition is an important step in the implementation of Amundi's growth strategy and will be a strong source of value creation."