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Amundi: Berenberg likes joint venture in China

(CercleFinance.com) - Broker Berenberg has reiterated its "buy" rating on the Amundi share, along with its target price of 74 euros on Amundi (upside of over 5%), pointing out Amundi's new Chinese joint venture which it says, "highlights a broader truth".

"Amundi is one of the few global asset managers with the scale and expertise to take advantage of the retail fund opportunity in emerging markets. Investors often overlook the value that this creates," Berenberg says.

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