Amundi has achieved net inflows of €32bn during Q1 2026, according to its results published today (29 April), marking a four-year high on a quarterly basis.
ETF and ‘index solution’ products attracted the biggest inflows at €24bn, while actively-managed funds pulled in €7bn, with most of the latter coming from fixed income and multi-asset strategies.
Some €3bn of inflows came from private assets, with €350m of that due to winning a multi-management mandate for French reinsurer CCR.
In total, retail investors contributed €13bn to inflows, while a further €9bn came from institutional clients. Some €7bn of flows came from the Crédit Agricole & Société Générale group insurers, which Amundi said was due to “the good momentum of life contracts in euros and investments in private assets” by Crédit Agricole Assurances.
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Finally, €3bn in inflows came from Associates – Amundi’s private markets multi-manager platform.
Negative market and currency moves were attributed to a gross €13.6bn in outflows over the quarter.
Overall, assets under management for Amundi reached an all-time high of €2,398bn, marking a 6.7% year-on-year increase.
Additionally, adjusted net revenues reached a record quarterly high for the firm at €902m, making a 9.7% increase compared to the same quarter last year.
Amundi attributes this to a combination of higher net management fees, which increased by 6% compared to Q1 2025 thanks to a rise in AUM; performance fees rocketing from €23m in Q1 2025 to €87m in Q1 2026; and technology revenues increasing by 21% to €31m. This was largely driven by a 27% increase in licence fees.
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Commenting on the results, Valérie Baudson, CEO of Amundi, said: “Amundi has made a very good start to the year, with record net inflows of €32bn in the quarter. Asset gathering remained positive in MLT [medium long-term] assets, also in the context of March.
“The activity was sustained across all client segments, asset classes and geographies. This demonstrates the strength of our business model and our ability to support our clients in an uncertain environment.”
