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Amundi: Q3 net income up 3%

( - Amundi reports Q3 adjusted net income of E290m, up 3% y-o-y, which it says has been helped by operating efficiency, enabling annual increases in expenses to be more moderate than revenues.

The asset management group's adjusted net revenues rose by 2.9% to E780m, with this growth in particular due to the resilience of management fees despite the risk-averse environment.

"Amundi generated high inflows of +E14bn, driven by our two strategic development priorities, passive management and Asia", said CEO Valérie Baudson, who nonetheless points to an uncertain environment.

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