Finance
Amundi records $17.6 billion in Q3 net inflows, aided by ETF demand
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Amundi recorded $17.6 billion in Q3 net inflows, driven by ETF demand and market growth, raising assets under management to a record 2.32 trillion euros.
By Mathieu Rosemain
PARIS (Reuters) -Amundi, Europe's biggest asset manager, reported slightly higher-than-expected net inflows in the third quarter on Tuesday, driven by continued growth in funds that track the market and demand from its Asian joint ventures.
Net new money for the third quarter reached 15.1 billion euros ($17.6 billion), beating the 14.4 billion euros expected by analysts in a consensus compiled by the group.
This, combined with rising market prices, lifted Amundi's assets under management to a record 2.32 trillion euros ($2.71 trillion) at the end of September, up 5.7% from a year earlier, despite steep declines in the U.S. dollar and the Indian rupee that weighed on some asset values.
Amundi, which is majority owned by Credit Agricole, said its exchange‑traded funds (ETF) business reached 300 billion euros in assets for the first time.
The French fund manager has grown its passive low-fee index-tracking business in recent years, but like other European firms faces fierce competition from the U.S. giants including BlackRock, State Street Global Advisors and Vanguard.
Adjusted net income for the July-to-September period rose 0.8% from a year earlier to 340 million euros, beating the 323 million euro consensus, as higher management fees and technology revenues offset increased operating expenses.
Net revenue rose 4.9% to 815 million euros for the period, driven by a 3.3% increase in net management fees on higher average assets under management.
Amundi also addressed the scheduled end of its distribution agreement with Italian bank UniCredit, which expires in July 2027.
The asset manager said it remained committed to serving UniCredit's clients and is open to continuing the partnership beyond 2027, though renewal terms have not yet been determined.
The UniCredit agreement covers 88 billion euros in assets, including 69 billion euros in Italy, Chief Executive Valerie Baudson said on a call.
The company's new 2028 strategic plan, to be presented on Nov. 18, will reflect uncertainty around UniCredit's contribution from 2027, the group said.
($1 = 0.8575 euros)
(Reporting by Mathieu Rosemain; Editing by Tommy Reggiori Wilkes)
Asset management refers to the systematic process of developing, operating, maintaining, and selling assets in a cost-effective manner. It involves managing investments on behalf of clients to achieve specific financial goals.
Exchange-traded funds (ETFs) are investment funds that trade on stock exchanges, similar to stocks. They hold a collection of assets, such as stocks or bonds, and offer investors a way to diversify their portfolios.
Net inflow refers to the total amount of money that flows into an investment fund or account, minus the amount that flows out. It indicates the overall growth or decline in assets under management.
Adjusted net income is a company's earnings after accounting for certain one-time expenses or income. It provides a clearer picture of a company's ongoing profitability.
A strategic plan in finance outlines an organization's long-term goals and the strategies to achieve them. It includes financial objectives, resource allocation, and performance metrics.
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