The group made particular mention of Asia as an important driver of inflows.

Amundi, the France-headquartered asset management house, said yesterday that it has logged an 11 per cent year-on-year rise in pre-tax profit, at €458 million in the first quarter of 2025. 

Total assets under management at the end of March stood at €2.25 trillion, a rise of 6 per cent from the same point in 2024, Amundi said in a statement. In the quarter, Amundi booked €37 billion in medium-to long-term assets, excluding joint ventures – a quarterly record.

There were third-party distribution inflows of more than €8 billion; in Asia, inflows stood at €8 billion, and more than €10 billion came via exchange-traded funds.

Amundi singled out Asia as an important driver of growth. Assets under management in the region rose 9 per cent year-on-year, despite the fall in the US dollar and the Indian rupee, reaching €462 billion.

Inflows were balanced between client segments in direct distribution and joint ventures and diversified by countries: South Korea, China, Hong Kong and Singapore.

Earlier in April, Vincent Mortier, group CIO of Amundi, highlighted that bonds were back, with the focus on equities moving away from the US towards Europe and Asia. Returns from private assets will gradually normalise, but they will remain a key diversification engine.