Global Investment View - May 2021
Paris, Thursday 29 April 2021
On Thursday 29 April Amundi publishes its Q1 2021 results, up sharply with a good level of medium/long-term (MLT)1-2 asset inflows, and outstandings3 reaching €1.755 trillion as at 31/03/2021, up +14.9% year-for-year.
Thanks to a rise in net management income and excellent operational efficiency, net quarterly income stands at its highest level since Amundi’s listing
Good operating cost control has produced an improved cost/income ratio, which now stands at a very good 48.8%, the lowest in the sector.
1. Excl. JVs
2. Medium/Long-Term Assets: excluding treasury products
3. Assets under management and net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets marketed and take into account 100% of the Asian JVs’ assets under management and net inflows. For Wafa in Morocco, assets are reported on a proportional consolidation basis.