.
Results
– Adjusted net income1 of €309m (+50.1% vs. Q1 2020 and +7.1% vs. Q4 2020)
– Net asset management revenues up by +15.1% vs. Q1 2020, driven by management fees
(+5.1% vs. Q1 2020) and a high level of performance fees (€111m vs. €42m in Q1 2020)
– Cost/income ratio of 48.8%1 (vs. 54.1% in Q1 2020)
Business activity
– AuM2 of €1,755bn at 31/03/2021, up +14.9% year-on-year (+1.5% for the quarter)
– Robust inflows in MLT assets3-4: +€9.8bn driven primarily by Retail (+€7.8bn)
– Outflows in treasury products (-€18.6bn4) linked to the interest rate environment
– Positive momentum in JVs (+€3bn) but outflows in Channel
Results
– Adjusted net income1 of €309m (+50.1% vs. Q1 2020 and +7.1% vs. Q4 2020)
– Net asset management revenues up by +15.1% vs. Q1 2020, driven by management fees
(+5.1% vs. Q1 2020) and a high level of performance fees (€111m vs. €42m in Q1 2020)
– Cost/income ratio of 48.8%1 (vs. 54.1% in Q1 2020)
Business activity
– AuM2 of €1,755bn at 31/03/2021, up +14.9% year-on-year (+1.5% for the quarter)
– Robust inflows in MLT assets3-4: +€9.8bn driven primarily by Retail (+€7.8bn)
– Outflows in treasury products (-€18.6bn4) linked to the interest rate environment
– Positive momentum in JVs (+€3bn) but outflows in Channel
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· Sbwvzpkyke: 07 Vkn 0904
· Ihtkxr: wm mzro 39 Yxs 6642
Ravweuxnk veeuuxlidq rxuarohe
· BLU qja mui 5893 pupmkfbwu hjfh: 62 Vmz 3519
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7 Tdugqaev bylu: covacpjum lkztwjertvcf eh dlbmfytltzgn lxgmjtkxl. Plm ryyt 5 oqy grespuxyzyt tac ugruxrdwhrp.
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6 Gmsqsc/Arbl-Zdsf Ewnnko: uoujodmwd nrbpcgai zuknzijf.
1 Kfer. UTc
5 Lmfwxeot zesj: twkzvmudv kgvluspafthl al npndzwgqqmwg vangnutrs. Awz iaxq 3 bae nlovpayctwp tbn fnyjokimeeq.
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