Amundi has become the latest asset manager to report squeezed net inflows for the first three months of the 2016, citing both a “market downturn and an increase in market volatility” as reasons for a dip in performance.

The French group, which floated in November. reported on April 29 that flows during the first three months of 2016 were €13.8 billion, some 43% down on the same period in 2015 and also lower than the final quarter of 2015.