French independent boutique of Amundi Group, CPR Asset Management, has reached a record with €28bn of assets under management as at the end of December 2014. The AUM are up 12% compared to 2013.
CPR AM has boarded total net inflows of €2bn over the year. The net new inflows mainly benefit to mid-long term asset classes for €3bn.
In detail, €1.7bn have been allocated to equities, €900m to fixed income and €400m to cross assets. In the meantime, outflows have reached €1bn.
Allocations have come from institutional investors by almost 50%, private banks and CGPI by 38%. International investors have accounted for 13%.
Jean-Eric Mercier, CEO of CPR AM, said : “90% of the inflows have been recorded through new funds and management processes that have been refunded during the five last years.”
In four years, the AUM of CPR AM have increased by over than €11bn.
In 2014, CPR AM has enlarged its range of products, especially on thematic equities and bonds. The boutique has also launched a Sicav, domiciled in Luxembourg with a Ucits form, in order to meet the needs of international distributors.
CPR AM is active on the main asset classes (equities, convertibles, diversified funds, fixed income and credit).