Inflows in MLT assets were driven by structured products as the increase in profitability reflects the ‘resilience of business and margins in a more difficult environment,’ according to Yves Perrier (pictured), CEO of the French asset manager.

Amundi has reported accounting net income of €480m for the first half of 2019, up 5.6% compared to 1H2018 while total net revenues at €1.3 billion were stable. Net inflows in medium-long-term (MLT) assets (excluding treasury products) in 1H2019, at €8 billion, were driven by structured products, bond expertise and real assets. Inflows in structured products were €2.1 billion, driven by the ‘promotion of a family of innovative solutions for networks in France and Italy&

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