France's Natixis, Amundi Buck Industry Trend With Asset Inflows
- Natixis added about 10 billion euros of new money in quarter
- Amundi shares gain most in more than a year after its results
This article is for subscribers only.
While other European fund managers struggle to attract new money, France’s Natixis SA and Amundi SA are showing they know how to grow assets under management.
Natixis added about 10 billion euros ($11.6 billion) of net assets in the second quarter, with Europe accounting for most of that, and about 3 billion euros coming from North America through Harris Associates. Amundi, majority-owned by Credit Agricole SA, rebounded from outflows a year earlier to post about 2.6 billion euros of net inflows in the second quarter.