The completion of Amundi’s acquisition of Pioneer Investments has driven its assets to €1.3trn, although it finalised several days after the H1 period, which saw total assets for the French fund group at €1.1trn.
Total net flows for the six month period were €28.8bn with ETFs inflows of €7.7bn establishing Amundi as the third largest player in Europe.
Real estate delivered €2.2bn of inflows.
The retail segment delivered €22.9bn compared to €10.1bn for the same period last year with the asset manager noting institutional flows were -€11.2bn in Q2 due to significant outflows in treasury products.
Chief executive Yves Perrier says the Pioneer acquisition is an important step in the implementation of Amundi’s growth strategy and will be a strong source of value creation.