PARIS (Reuters) – The asset manager Amundi, controlled by Crédit Agricole, announced that it had suspended five funds invested in Russian shares, representing 0.01% of its assets, following the invasion of Ukraine by Russia.
On the occasion of the publication of its first quarter results on Friday, the group however indicated that it had “very limited” exposure to Russian and Ukrainian assets and said it was confident for the current year despite the current geopolitical environment, inflation and COVID-19 related lockdowns in Asia.
“This economic environment is less favorable but we remain confident for Amundi despite a slowdown in inflows,” said Valérie Baudson, Amundi’s Chief Executive Officer, in response to a question about the outlook for the year during a conference. telephone with journalists.
In the first quarter, Amundi recorded overall net inflows of 3.2 billion euros despite significant outflows on treasury products.
At the end of March, its assets under management amounted to 2,021 billion euros, down 2.1% compared to the end of December 2021 due to the fall in the markets. They are up 15.1% over one year.
(Report Matthieu Protard, edited by Bertrand Boucey)
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