Amundi reports 4.3% decline in Assets Under Management due to volatile markets

Amundi SA, which is majority-owned by Credit Agricole, has reported a 4.3% decline in assets under management (AUM) at the end of Q1 2023 compared to the same period last year. AUM fell due to volatile markets, but increased by 1.6% from the end of 2022. The French fund manager also reported a 7.5% fall in net income from Q1 2022, citing volatile equity and bond market performance.