Amundi posted a good Q2, built on a doubling of performance fees, higher management fees thanks to a better client mix and higher AuM, as well as a higher technology revenue and higher financial income on net cash invested. Cost discipline was kept strong again. Inflows remained, however, modest due to the risk-averse environment. We may change marginally our estimates but we will keep our conservative market scenario in our forecasts.

28 Jul 2023
A rosy Q2 built on higher performance fees, fee margin and AuM

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A rosy Q2 built on higher performance fees, fee margin and AuM
- Published:
28 Jul 2023 -
Author:
Sylvain Perret -
Pages:
3 -
Amundi posted a good Q2, built on a doubling of performance fees, higher management fees thanks to a better client mix and higher AuM, as well as a higher technology revenue and higher financial income on net cash invested. Cost discipline was kept strong again. Inflows remained, however, modest due to the risk-averse environment. We may change marginally our estimates but we will keep our conservative market scenario in our forecasts.