Amundi blames early redemptions for negative inflows from French networks

Amundi has posted net revenues of €791m for the third quarter of 2021, an increase of 25.7% compared to the equivalent quarter in 2020. Net asset management fees of €707m were up 17.6% year-on-year (YoY) while there were high inflows of €15 billion in medium/long term assets, driven by the ESG offering, active management and by all client segments. However, in the French networks, inflows were slightly negative (-€0.7 billion) in view of early redemptions on structured prod