Europe’s Amundi posts €15.1 billion Q3 net inflows driven by ETF demand

Amundi, Europe’s largest asset manager, reported Q3 net new money of €15.1 billion (~$17.6 billion), topping expectations. The inflows were powered by strong demand for passive funds and ETFs, especially via Asian joint-ventures. Assets under management reached a record €2.32 trillion. While fee-pressure remains in the industry, Amundi said it expects margin support from scale gains and further growth in the ETF segment. The results underscore the ongoing shift of asset flows toward low-cost, diversified products in a cautious global environment.