Amundi: Q2 2020 adjusted net income down 9.5%
(CercleFinance.com) - Amundi has published Q2 2020 adjusted net income, group share that is down 9.
5% at 233 million euros, despite a cost-income ratio that improved 0.3% to 50.9%.
A 7.8% reduction in operating costs to 318 million euros offset a 7.3% fall in revenues to 625 million euros, which the asset manager says its mainly due to the market context.
Amundi boasts resilient business, with total net inflows virtually at equilibrium (-0.8 billion euros), with good momentum in MLT products (+3.5 billion euros) almost offsetting outflows in money market products (-4.3 billion euros).
Copyright (c) 2020 CercleFinance.com. All rights reserved.
5% at 233 million euros, despite a cost-income ratio that improved 0.3% to 50.9%.
A 7.8% reduction in operating costs to 318 million euros offset a 7.3% fall in revenues to 625 million euros, which the asset manager says its mainly due to the market context.
Amundi boasts resilient business, with total net inflows virtually at equilibrium (-0.8 billion euros), with good momentum in MLT products (+3.5 billion euros) almost offsetting outflows in money market products (-4.3 billion euros).
Copyright (c) 2020 CercleFinance.com. All rights reserved.