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Amundi bucks industry outflows as assets near €2tn

Passive funds and Asia demand stood out during the third quarter

Amundi CEO Valérie Baudson said inflows came amid 'a backdrop of uncertainty'
Amundi CEO Valérie Baudson said inflows came amid 'a backdrop of uncertainty' Photo: Fabrice Coffrini/Getty Images

Amundi, Europe's largest fund group, saw net inflows of €13.7bn during the third quarter, bucking a wider trend of outflows across the sector.

The inflows helped buoy assets under management to almost €2tn, as the Paris-headquartered firm benefited from investor appetite for fixed income funds, which attracted €6bn, as well as its passive funds, which pulled in €10.8bn.

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