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Amundi momentum slowed by €10bn institutional outflow

Integration of Pioneer Investments is on target with 70% of workforce reductions completed

Yves Perrier, chief executive officer of Amundi
Yves Perrier, chief executive officer of Amundi Photo: Getty Images

Amundi suffered net outflows of more than €10bn from institutional investors during the second quarter, slowing an impressive run of asset gathering at Europe's largest fund manager.

Amundi saw net inflows of €2.6bn between April and June — down significantly from the €39.8bn posted in the first three months of the year — it said on Thursday.

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