Amundi reports fall in 1Q AuM in 'unprecedented start' to year

Paris-based asset manager and fund house Amundi today published its 1Q2020 results, showing a 7.6% decrease in AuM to €1.53trn. The company's CEO said he was 'confident of the robustness' of its performance. In its 1Q trading satement, published this morning, Amundi described an "unprecedented start to 2020." The statement said the covid-19 crisis is "unparalleled in scale, affecting all economic and financial activity around the world." "It is difficult to predict the scope and duration of this crisis," the company said. Amundi's AuM fell to €1.53tn from $1.65trn in the previous q...