PARIS (Reuters) – Amundi reported on Wednesday a 7% annual increase in its assets under management as of December 31, as prolonged uncertainty in the markets continued to fuel demand for low-risk investment products.

The group’s total assets under management in the fourth quarter increased by 133 billion euros to stand at 2,037 billion euros. This is an increase of 3.2% compared to the previous quarter. For the most part, the collection of 13.2 billion euros – excluding the contribution from joint ventures in Asia – was supported by the products treasury and so-called “passive” management. The main European asset manager, controlled by Crédit Agricole, also announced the acquisition of the private asset multi-management group Alpha Associates, based in Zurich, which manages approximately 8.5 billion euros in assets.

During a conference call with journalists, the group’s managing director, Valérie Baudson, indicated that Amundi would pay a maximum of 350 million euros, with a first payment of 160 million euros and a second payment of up to 350 million euros. raise up to 190 million euros depending on the growth of Alpha Associates.

Valérie Baudson confirmed the group’s objectives for 2025, including average annual growth in net profit of around 5%. The fund manager has also indicated that it will propose a dividend of 4.10 euros per share, in line with the 2022 dividend.

Amundi recorded an adjusted net income group share of 313 million euros in the fourth quarter, in line with market expectations and up 3.4% year-on-year.

The group’s adjusted net revenues over the same period increased by 2% to 806 million euros.

(Report by Mathieu Rosemain, by Augustin Turpin, edited by Jean Terzian)

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