Amundi released its numbers for H1 20. Gross operating income was 3% above expectations with lower expenses offsetting disappointing management fees (revenues were boosted by higher performance fees). Total AuM were in line with expectations and net inflows were almost equal to zero (better than expectations). Amundi and Société Générale renewed their agreement on a five-year basis. However, it looks less interesting than the previous one as it gives SG the ability
31 Jul 2020
Not a convincing agreement
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Not a convincing agreement
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
31 Jul 2020 -
Author:
Farhad Moshiri -
Pages:
2
Amundi released its numbers for H1 20. Gross operating income was 3% above expectations with lower expenses offsetting disappointing management fees (revenues were boosted by higher performance fees). Total AuM were in line with expectations and net inflows were almost equal to zero (better than expectations). Amundi and Société Générale renewed their agreement on a five-year basis. However, it looks less interesting than the previous one as it gives SG the ability