The group, which is part of the Crédit Agricole group, said net inflows came from all sectors except for French retail networks. The breakdown was €12.7bn from institutional investors and €4.8bn from the international networks. A further €2.8bn of net inflows came from third party distributors.
The French retail networks saw outflows of €9.9bn, but this was lower than in 2012. Amundi’s market share (in this space) increased by 0.3% over the year to 26.9%.
Total assets under management amounted to €777.1bn compared with €739.6bn at 31 December 2013, up 5.1% on the year.
Long assets made up the majority of inflows, with €9.1bn. Money market assets ended the year up €1.2bn in a contracting market.
Revenues increased by 3% over the year while operating expenses remained under control, increasing by 2.3%.
Fourth quarter revenues were up 6.4 per cent year-on-year, driven mainly by a high level of performance-based commissions, while growth in operating expenses was contained to 1.3%.
Private banking also held up in a difficult market, the statement said, with AUM standing at €132.2bn, with a €4.3bn gain generated by market movement.
As such, AUM rose by 2.3 per cent in France over the full year to €61.8bn while they decreased abroad by 1.9% to €70.4bn.
