Paris-based Amundi, Europe’s largest asset manager, has reported record assets under management, reaching €2.38 trillion at the end of December, up 6% year-on-year.
Amundi reported record net inflows of €88 billion in 2025, of which €21 billion occured in the fourth quarter.
Adjusted net revenues amounted to €3.417 billion, up 6% compared to 2024 pro forma.
“Positive inflows in both passive management (+€76bn) and active management (+€13bn) thanks to fixed income and multi-asset strategies,” said the fund manager.
“Positive inflows from Retail, Institutional and joint ventures.”
Amundi CEO Valérie Baudson said: “After having successfully deployed excess capital into four value creative M&A deals, we are now proposing a dividend of €4.25 per share for 2025 and returning €500m to shareholders through share buyback.
“In line with the focus of our new plan, we launched a number of innovative solutions, including our first tokenised money market fund and thematic funds on biodiversity.
“We also forged new partnerships with digital players and in new geographies, and we won a major retirement solution mandate in Ireland. Finally, our strategic partnership with ICG opens up promising new prospects.
“In 2025, we successfully closed our strategic plan underpinned by our leadership positions and diversified growth drivers. We enter 2026 very confident in our ability to efficiently accompany our clients across our many areas of expertise.”
Amundi said its two main client segments and joint ventures contributed to annual net inflows.
“+€21.7bn (+€7bn in Q4) for Retail, thanks to sustained positive momentum in Third-Party Distributors (+€33bn, +€11bn in Q4) and in spite of continued outflows from UniCredit networks (-€16bn over the year, ‑€4bn in Q4) …” said Amundi..
“+€47.7bn (+€13bn in Q4) for Institutional, thanks to good momentum of euro life contracts for insurers Crédit Agricole and Société Générale (+€16bn, +€2bn in Q4) and major new mandates with pension funds, central banks and sovereign wealth funds …
“+€19.5bn for JVs (+€1.7bn in Q4); India (SBI MF, +€10bn, +€2bn in Q4) and China (ABC-CA, +€2.4bn, +€0.6bn in Q4) confirmed the good level of net inflows of the first three quarters. South Korea (NH‑Amundi, +€6bn, but -€1.0bn in Q4) recorded seasonal outflows in treasury products, while the rest of the year was dynamic.”