Amundi reported a jump in net income last year, driven by an increase in assets under management and strong inflows in the fourth quarter.
According to the firm's full-year results published today (7 February), AUM exceeded €2trn at the end of 2023, a 7% increase over one year and a 3.2% jump in the final quarter. This led to a 3.9% rise in net income to €1.2bn for the full year and 7.9% for the fourth quarter. Europe's largest asset manager enjoyed inflows of €26bn throughout the year, boosted by €19.5bn inflows in the fourth quarter alone. Amundi to acquire private markets specialist Alpha Associates The December rally contributed to strong market performance in Q4 of €63.8bn, accounting for more than half of the t...
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