Previous close | 53.70 |
Open | 53.50 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 53.15 - 53.85 |
52-week range | 40.52 - 64.75 |
Volume | |
Avg. volume | 103,975 |
Market cap | 11.172B |
Beta (5Y monthly) | 1.27 |
PE ratio (TTM) | 9.55 |
EPS (TTM) | 5.60 |
Earnings date | 27 Oct 2023 |
Forward dividend & yield | 4.10 (7.53%) |
Ex-dividend date | 22 May 2023 |
1y target est | 71.80 |
Amundi, Europe's largest asset manager, said on Wednesday it had turned neutral on Chinese equities in the latest sign of a shift in investor sentiment towards the world's second biggest economy. In its latest global investment views, Amundi noted a divergence between resilience in the U.S. economy and China weakness and said it has upgraded U.S. growth forecasts while downgrading China's. "On top of the construction slowdown, the services sector deceleration is concerning," the note said, referring to China.
Amundi, Europe's biggest fund manager, posted better-than-expected quarterly net inflows on Friday as investors' appetite for risk-averse products underpinned a 1.9% yearly growth in assets under management. Uncertainty about the world economy, marked by inflation, speedy hikes in interest rates and geopolitical risks drove retail and institutional investors to safer bets in the form of for treasury funds, structured products and exchange traded funds (ETF), Amundi's second-quarter results showed. Total assets under management (AUM) at Amundi rose by 3.7 billion euros in the second quarter to 1,961 billion euros ($2.16 trillion), reflecting an increase of 1.9% from a year earlier and a growth of 1.4% from the previous quarter.
Amundi: First Half & Second quarter 2023 results Amundi posts a net income up +19% in the second quarter1 High level of earnings Q2 2023: Adjusted net income2,3 of €320m, +19% Q2/Q2, thanks to top line growth and very good cost control Good level of performance fees in uncertain marketsCost/income ratio of 52.3%3, Lyxor synergies achieved ahead of schedule (80% of target) H1 2023: Adjusted net income2,3 €620m, +4.5% H1/H1 Positive inflows In a risk-averse environment, the asset management market