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Thursday 16 May 2019
In an improving market scenario, but characterized by a persistent risk aversion, on Friday April 26th Amundi publishes results once again improving, thus confirming the resilience of its business model .
In fact, in the first quarter of 2019, the accounting result 1 stood at 235 million euro, up + 6.4% compared to T1 2018 and + 22.4%compared to T4 2018. This growth is linked in particular to:
Revisiting fixed income opportunities after the European institution appointments
Financial markets have been enjoying a record-breaking run of late.
The journey from market complacency to awareness of fragilities is in full swing, and the market correction in May is part of that, as is the recent recovery fuelled by dovish Central Banks (CB). Aware investors should recognise that the late cycle phase and mature market trends require improving fundamentals and positive political events to deliver sustainable uptrends in risk assets. But, it is difficult to see such improvements happening in the short term.