Amundi released this morning its numbers for FY2019. At first sight, these were well above expectations (be it on the revenues or AuMs side). Revenues were yet only positively impacted by a high level of (volatile) performance fees while a single new mandate for the JV in India added €59.6bn of assets to the AuMs. Total expenses were also 4.3% above expectations (but mechanically driven by an increase in variable compensation).
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Mixed results
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
12 Feb 2020 -
Author:
Farhad Moshiri -
Pages:
2
Amundi released this morning its numbers for FY2019. At first sight, these were well above expectations (be it on the revenues or AuMs side). Revenues were yet only positively impacted by a high level of (volatile) performance fees while a single new mandate for the JV in India added €59.6bn of assets to the AuMs. Total expenses were also 4.3% above expectations (but mechanically driven by an increase in variable compensation).