Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Amundi's assets under management rise 6% on ETF growth, UK client

Published by Global Banking and Finance Review

Posted on April 29, 2025

Featured image for article about Finance

By Mathieu Rosemain and Bertrand De Meyer

PARIS -Amundi, Europe's biggest fund manager, posted quarterly inflows in line with expectations on Tuesday, as more people continued to put money into funds that track the market during a time when investment shifted from the United States to Europe following Donald Trump's election as president.

Net inflows in the first quarter were 31 billion euros ($35.35 billion), above the 27 billion euros expected on average by analysts polled by the company.

This brought total assets under management to a new record of 2.25 trillion euros at end-March, up 6% from a year earlier.

Inflows benefited from a 21 billion-euro boost brought by a new mandate with the People's Pension, one of Britain's largest trust pension schemes, to manage a climate-focused equity index portfolio.

"Current movements are tending to favour European equities, which have clearly risen in first-quarter allocations, while U.S. equities have fallen," Chief Executive Valerie Baudson told journalists on a call, saying that this was illustrated by outflows on exchange-traded funds (ETFs) with underlying U.S. indexes in favour of European equivalents.

An ETF is a type of investment fund that trades on a stock exchange and aims to track the performance of a specific index.

Asked about the market turmoil seen over the last few weeks after Trump's sweeping announcements on tariffs, Baudson shrugged off concerns about possible risk for Amundi's AUM.

She also said Amundi remained committed to growing through acquisitions.

"We remain a natural consolidator of the market, and that hasn't changed and won't change," Baudson said.

Amundi's first-quarter adjusted net income fell 4.5% to 303 million euros, in line with expectations, hit by France's temporary tax hike on big companies.

This will cost Amundi a total of 72 million euros in 2025, the group said, including 46 million euros in the first quarter alone.

($1 = 0.8769 euros)

(Reporting by Mathieu Rosemain and Bertrand de Meyer in ParisEditing by Matthew Lewis)