Amundi's assets under management rise 6% on ETF growth, UK client
PARIS -Amundi, Europe's biggest fund manager, posted quarterly inflows in line with expectations on Tuesday, as more people continued to put money into funds that track the market during a time when investment shifted from the United States to Europe following Donald Trump's election as president. "Current movements are tending to favour European equities, which have clearly risen in first-quarter allocations, while U.S. equities have fallen," Chief Executive Valerie Baudson told journalists on a call, saying that this was illustrated by outflows on exchange-traded funds (ETFs) with underlying U.S. indexes in favour of European equivalents. Asked about the market turmoil seen over the last few weeks after Trump's sweeping announcements on tariffs, Baudson shrugged off concerns about possible risk for Amundi's AUM.