French asset manager Amundi saw a 5.8% rise in its assets under management (AuM) in the first quarter of the year to €1.45 billion.
Net inflows of €39.8 billion were driven by each client segment and region but partially offset by a negative market effect, the firm said.
The inflows, which included active products and passive products, were boosted by high net inflows in China.
The retail segment enjoyed a high level of activity with net inflows of €21.7 billion in the first quarter compared to €13.4 billion in the first quarter of the previous year, generated by all distribution channels.
Yves Perrier, chief executive officer at Amundi, said the performance confirmed the value of its business model strengthened by the acquisition of Pioneer, which was ahead of its integration schedule.
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