First-quarter net income at Amundi, Europe’s largest asset manager, fell 7.5 percent to 300 million euro when compared to the same period last year, “in line with the unfavourable evolution of the market,” the company said on Friday.
The firm nevertheless referred to a “strong performance” as a result of the diversification of its activities and its operational efficiency and good cost control.
Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.
A subscription is free for professionals working at banks and independent asset managers.
