Latest news with #AmundiSA
Business Insider
03-05-2025
- Business
- Business Insider
Amundi SA (0RDX) Gets a Buy from RBC Capital
RBC Capital analyst Mandeep Jagpal maintained a Buy rating on Amundi SA (0RDX – Research Report) on May 1 and set a price target of €72.00. The company's shares closed last Wednesday at €69.35. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. According to TipRanks, Jagpal is ranked #815 out of 9371 analysts. Currently, the analyst consensus on Amundi SA is a Moderate Buy with an average price target of €73.03. The company has a one-year high of €76.00 and a one-year low of €56.10. Currently, Amundi SA has an average volume of 38.79K.
Bloomberg
29-04-2025
- Business
- Bloomberg
Amundi's Inflows Top Estimates as Pace Seen Continuing for Year
Amundi SA reported another bumper quarter of inflows and said it should be able to keep up the pace for the rest of 2025 despite macroeconomic uncertainties and tariff wars. The Paris-based asset manager saw €31.1 billion ($35.5 billion) of net inflows in the first quarter, according to a statement Tuesday. The flows, which beat analysts' expectations and were up 87% from a year earlier to reach the highest quarterly figure since 2021, were driven by demand from individuals and institutions.
Bloomberg
22-04-2025
- Business
- Bloomberg
Fund Market Is Hit by ‘Patriotic' Reset in Reaction to Tariffs
Clients at some of the world's biggest asset managers are racing to move money away from the US and into European funds in the wake of Donald Trump's tariff war. US-focused funds managed by Amundi SA, UBS Group AG and State Street Corp. have seen the biggest client exodus in the first two weeks of April, losing a combined €3.9 billion ($4.5 billion), according to data compiled by Morningstar Direct, which covers equity exchange-traded funds.
Yahoo
26-03-2025
- Business
- Yahoo
Amundi Sees Korean Stocks Braving Short Sellers to Extend Rally
(Bloomberg) -- For short sellers who are ready to take aim at South Korean stocks when a ban is lifted next week, Europe's biggest asset manager has some advice: such a move may backfire. 'It'll be very dangerous for short sellers to target South Korea,' Vincent Mortier, group chief investment officer of Amundi SA, said in an interview on Tuesday in Hong Kong. With negatives like the political and economic uncertainty already priced in, investors may be 'surprised to the upside,' he added. Mortier expects South Korean equities to extend their recent gains when a curb on short selling is lifted on March 31, and he sees the move as a step toward normalization that may help the country win developed market status from MSCI Inc. Such anticipation, along with the government's efforts to boost stock valuations, offer an 'interesting opportunity' for mid- and long-term investors, the money manager said. South Korean stocks are showing signs of a revival following a dismal 2024, when political headwinds including the president's impeachment hurt the market's prospects. The Kospi Index has gained more than 9% this year, outperforming the MSCI Asia Pacific Index, as heavyweights Samsung Electronics Co. and SK Hynix Inc. lured investors back on cheaper valuations. The CIO for the $2.4 trillion asset manager sees the market as under-rated and under-owned by foreigners, and expects the government's 'value-up' program to help stocks follow the trajectory of Japan, where corporate reforms pushed benchmarks to new highs. While some worry the revival of short selling may fuel market volatility, others say it can also improve liquidity by attracting hedge funds, who use the strategy to manage risks. Pictet Asset Management said in February it plans to buy more stocks once the resumption allows it to hedge its long equity positions. South Korea has long sought to win MSCI's upgrade from emerging market status, but its short-selling ban — in place since November 2023 — is regarded as a barrier. A change in the MSCI classification, which is only 'a question of time,' will attract flows and a re-evaluation of the market, according to Mortier. The Kospi trades at only nine times its forward earnings estimates, compared with around 14 for MSCI Asia and Japan's Topix Index. Persistent selling by foreigners since mid-2024 has pushed the amount they hold to 31.6% of the Kospi as of February, down from 35.6% in July, according to data from the Korea Financial Investment Association. Among Asian benchmarks, the Kospi's advance this year is next only to Hong Kong stocks, which are benefiting from China's technology breakthrough. Mortier said that while there's a lot of talk on China, the innovation and investments from South Korean companies are also worth noting. He prefers traditional automakers and financials, given that they will benefit from the 'value-up' initiative. --With assistance from Youkyung Lee. More stories like this are available on ©2025 Bloomberg L.P.
Yahoo
24-03-2025
- Business
- Yahoo
Amundi Readies for Broader Mandate Shift After State Street
(Bloomberg) -- Amundi SA is positioning itself for a realignment in investor flows triggered by a growing divide in how asset managers on either side of the Atlantic handle stewardship and climate policies. They Built a Secret Apartment in a Mall. Now the Mall Is Dying. Chicago Transit Faces 'Doomsday Scenario,' Regional Agency Says Why Did the Government Declare War on My Adorable Tiny Truck? LA Faces $1 Billion Budget Hole, Warns of Thousands of Layoffs New York Subway Ditches MetroCard After 32 Years for Tap-And-Go There are already signs that a number of asset owners across Europe are currently conducting reviews of their US mandates, said Jean-Jacques Barbéris, head of institutional and corporate division and ESG at Amundi. Europe's largest asset manager, which won business from State Street earlier this year, expects the broader reassessment underway to play out over several months, he said. 'We do see some indications that some investors are reviewing what they do with some American asset managers because of responsible investment alignment,' Barbéris told Bloomberg. Money management is becoming the latest stage on which transatlantic tensions are now playing out. So far this year, State Street has lost mandates in the UK and Scandinavia amid concerns it no longer does enough to address climate change. BlackRock Inc. faces similar challenges, with PME in the Netherlands saying it's in the process of reviewing a €5 billion ($5.4 billion) mandate over climate concerns. Barbéris said the People's Pension, a UK pensions manager that reassigned £28 billion ($36.3 billion) worth of mandates to Amundi and Invesco Ltd. earlier this year, first approached the Paris-based firm about a year ago, shortly after State Street said it was pulling out of Climate Action 100+. State Street is just one of a number of major US asset managers to have exited CA100+, which is the world's largest investor coalition dedicated to addressing global warming. Others that have walked away include BlackRock, Pacific Investment Management Co., as well as the asset management arms of Goldman Sachs Group Inc. and JPMorgan Chase & Co. For much of the US investment industry, continued membership has become untenable as firms adapt to a political reality in which net zero targets have been called 'a sinister goal' by US Secretary of Energy Chris Wright. Firms that don't conform face bans in Republican-led states, as well as lawsuits. But as US asset managers adapt to politics at home by scaling back their climate commitments, investors in Europe are taking note. According to data provided by Morningstar Direct, funds domiciled in Europe and identified as pursuing environmental, social and governance goals attracted an estimated $3.5 billion of inflows in the first two months of the year. In the US, meanwhile, such funds suffered about $3.1 billion of client outflows in the same period. 'The anti-ESG backlash and regulatory uncertainties on both sides of the Atlantic are the biggest drivers of this trend,' said Hortense Bioy, head of sustainable investing research at Morningstar. Asset managers' support for ESG resolutions at annual general meetings hit a low last year, according to a February report by the nonprofit ShareAction. The world's largest asset managers including State Street and BlackRock supported just 7% of key shareholder resolutions, the advocacy group said. US money managers are now navigating a political landscape in which they can be blacklisted from either side of the ESG debate. Late last year, BlackRock, Vanguard Group Inc. and State Street were all sued by a group of states led by Texas for allegedly breaking antitrust law by adopting environmental strategies that hurt the supply of coal. The suit alleges that those investment policies drove up electricity prices. Barbéris said European institutional investors almost always ask about stewardship and engagement when they approach an asset manager to inquire about handling a mandate. It is a 'material' criterion in their decision-making process, he said. 'We have a lot of questions from clients at the European level asking us: 'We see some announcement that has been done by others, what do you do on your side? Have your commitments changed or not?' So I think there is pro-activity among clients at the moment,' he said. Against that backdrop, Amundi is now choosing to be 'vocal about what we're doing and explaining that it's in the interest of our clients and on behalf of what our clients are saying,' Barbéris said. 'From a business perspective, it's much more convincing vis-a-vis institutional clients that are long-term oriented players to demonstrate consistency.' And that's how 'we can probably attract additional business,' he said. (Adds reference to Texas suit in 11th paragraph.) A New 'China Shock' Is Destroying Jobs Around the World How TD Became America's Most Convenient Bank for Money Launderers The Richest Americans Kept the Economy Booming. What Happens When They Stop Spending? Tesla's Gamble on MAGA Customers Won't Work One Man's Crypto Windfall Is Funding a $1 Billion Space Station Dream ©2025 Bloomberg L.P. Sign in to access your portfolio
