Crédit Agricole Asset Management, the investment management arm of French bank Credit Agricole, saw its assets rise by 22% in the first nine months of this year, thanks to net inflows of more than €29bn ($33bn).

Assets rose more than €78bn ($91bn) to €416.4bn, and the firm said in a statement that its new business came mainly from bonds, alternative investments and structured products, adding that its international subsidiaries have contributed 38% of net inflows.