Amundi’s thematic centre CPR Asset Management has reported a sixth consecutive year of assets growth.
Assets under management of the French investment firm stood at €39.2bn at the end of 2016.
The firm’s AUM have increased by €2.2bn. Last year’s net inflows have amounted to over €1.8bn, most of which having been into cash products (€1bn inflows) and short-term bond solutions
Net inflows in CPR AM’s equity and diversified funds have reached almost €300m and over €200m respectively.
Around one third of net inflows came from outside France. CPR AM’s total AUM from international clients were €3.4bn at the end of 2016.
In 2016, CPR AM extended its footprint by registering its fund range in new European countries while stepping up its dedicated marketing tools for Amundi’s sales forces worldwide (Europe, Asia, North America, and the Middle East).
‘’CPR AM is a fast-growing company with effective fund managers and a talented team, hard-wired to embrace innovation. We have a clear strategy that should allow us, with the Amundi group’s backing, to reach €50bn in AUM by 2020, while achieving half of our inflows internationally’’ said CPR AM’s CEO Valérie Baudson.