Assets under management at Amundi grew 4.3% over the quarter and 7.1% for the year ended June 30, to €1.59 trillion ($1.79 trillion), despite continued net outflows.
The money manager said Friday in a financial update that net outflows totaled €4 billion in the first half of the year, compared with €11.7 billion in net outflows for the same period in 2019.
The second quarter was more positive than the first three months of 2020, during which time stock markets plummeted amid the coronavirus pandemic. Net outflows for the three months ended June 30 were €800 million, compared with €3.2 billion for the first quarter and €4.8 billion in net outflows for the three months ended June 30, 2019.
Market and foreign exchange effects added €64.9 billion to assets in the second quarter, compared with a €122.7 billion negative impact for the first quarter. For the second quarter 2019, market and foreign-exchange impacts added €15.1 billion to assets under management.