Pascale Peluso

Today, Amundi's publishes its 1st half and 2nd quarter 2024 financial #results, showing a strong net income growth of +9.4% and high net inflows of +€15bn.   The breath of our offerings has been a significant asset in meeting the diverse needs of our clients. We had a positive momentum in both active management (+€8.0bn), particularly in fixed #income & structured products, and passive management (+€6.0bn). Commercial activity was particularly strong and accelerating in the 9 countries in which we operate in #Asia with +€22bn of inflows in H1.   The higher profitability has been achieved through both: ➡️ Revenue growth (+7.7% in Q2) ➡️ and expenses that are under controlled: our cost-income ratio further improved to to 51.9%, still the best in the sector.   Finally, on July 9, we announced the signing of the definitive agreement concerning our strategic partnership with Victory Capital, an initiative that will create value for our customer and shareholders.   These results reflect the continued commitment of our teams to serve our clients. Many thanks to them!   We remain confident in our strategic direction moving forward.

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Curious about how the ECB is addressing the excess liquidity in the market? Dive into Candriam’s latest white paper, 𝐆𝐮𝐚𝐫𝐝𝐢𝐚𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨 𝐆𝐚𝐥𝐚𝐱𝐲: 𝐭𝐡𝐞 𝐄𝐂𝐁 𝐁𝐫𝐚𝐜𝐞𝐬 𝐟𝐨𝐫 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐒𝐡𝐢𝐟𝐭, and discover our innovative strategies. 🔗 https://lnkd.in/eqAhDnZt #candriam #investing4tomorrow #candriam #investing4tomorrow

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2025 marks a fresh start for mergers and acquisitions. Learn how M&A strategies can enhance portfolio diversification in Candriam’s latest Outlook article. 👉 https://lnkd.in/ecnsyVtx #Candriam #Investing4Tomorrow

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"Focus on Wealth Planning”: the transfer of a company raises many questions, and the Dutreil Pact plays a key role in this strategic step. Géraud BOUDOU, Wealth Planner at Societe Generale Private Banking, explains for us the conditions and subtleties of this pact. Proper implementation of the Dutreil Pact is based on strict compliance with the rules, but above all on rigorous preparation: https://lnkd.in/eyEWB6Hs Coming soon: “Wealth Planning and Philanthropy” Stay tuned to make sure you do not miss it.

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Today I was honored to share my convictions at the #BNPParibasWealthManagement Credit seminar in Tournus_Burgundy_France. * Starting with our Strengths, I conveyed the following 4 convictions: 1. Our Entrepreneurs & Families Clients franchise : Credit is the number 1 Growth driver and Net New cash generation lever. Our ability to structure bespoke credit solutions is a key competitive edge 2. Our Group : the #BNPParibas Group is extremely solid, as evidenced by our rating and our Q12024 results, in particular 3. Our recently selected 9 initiatives to grow credit : they are very accurate and a differentiating factor to serve our clients 4. Our people : our credit teams across the world are highly skilled experts. * Following with our Challenges and how to turn them into opportunities, I shared the following thoughts : 1. Technology, data driven clients strategy should be reinforced 2. Developing a holistic approach with our clients, from assets to liabilities, clients solutions-driven, is a must 3. Raising the level of efficiency of our internal decision-making processes is warranted 4. Last but not least, we should pioneer with innovative ESG features

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For over 20 years, Mark Denham, co-manager of Carmignac Portfolio Grandchildren, has been convinced that long-term performance depends exclusively on the ability to select companies that offer the best prospects. These ‘quality’ companies must meet precise criteria: • They must be capable of generating high and stable profits over time, and reinvest these profits to continue their growth trajectory • They must have a positive impact on the environment and society This conviction is reinforced by a detailed investment process. Over time, this process has been enriched by the increased availability of extra-financial data. However, the initial philosophy remains unchanged. To know more: https://okt.to/dRrhGj #assetmanagement #marketingcommunication #finance #investment #investinginyourinterest

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Vincent Compiègne explains how water shortages, climate change, and governance challenges are reshaping investment risks. Learn how Candriam’s ESG research model identifies and prices these complexities. Discover more 🔗 https://lnkd.in/eFJ2ZBEm #candriam #investing4tomorrow

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2025 marks a fresh start for mergers and acquisitions. Learn how M&A strategies can enhance portfolio diversification in Candriam’s latest Outlook article. 👉 https://lnkd.in/dJVUqr99 #candriam #investing4tomorrow

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CACEIS offers all group employees a conference on "How to improve your sleep?". Many thanks to Thibaud DUMAS, Ph.D in cognitive neuroscience for this successful conference, his explanations to understand mechanisms of sleep at a biological and cerebral level and his tips to boost our energy and improve our sleep. #qualityoflifeatwork

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BLI - Banque de Luxembourg Investments has published the latest edition of ‘Perspectives’, its latest financial markets analysis. Topics of Q4/2024 amongst others: - The remarkable resilience of the US economy seems set to continue. - The rotation observed on stock markets in the third quarter is set to continue. - The main risk for stock markets at present is geopolitical. 👉 English version: https://lnkd.in/et9ACtNM 👉 Version française : https://lnkd.in/eN42GmQS 👉 Deutsche Version: https://lnkd.in/ezRiuiNv 👉 Nederlandse versie: https://lnkd.in/e-d6rMkz #financialmarkets #analyses #economy #investmentstrategies #recession #stockmarkets #assetmanagement #luxembourg

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Our record-level assets under management of €2,116bn and high net inflows of €17bn demonstrate the trust clients placed in us at the end of Q1 2024. These numbers also show that Amundi has had an intense start of the year with both commercial momentum and development initiatives in line with our strategic plan. We were indeed able to combine organic and external growth. ➡️This quarter our net #inflows were very balanced across the main client segments, expertise and geographies. This demonstrates the good positioning of our range of solutions, which has allowed us to respond effectively to the needs of our clients. ➡️This activity is also reflected in our profitability: the net #income, up +6% year-on-year, reached €318m, driven by the increase of our net management fees and by controlling our costs. ➡️Eventually, our commitment to expanding our offering led us to finalizing the acquisition of Alpha Associates ahead of schedule, and enhancing our multi-management capabilities in private debt, infrastructures, and private equity. We've also inked a strategic partnership with Victory Capital, paving the way to strengthen our #US asset management expertise and our presence in the US. Thanks again to our clients for your trust and to our teams who have once again proven their commitment.

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Q2 earnings season (preview & partial review) Earnings growth for US stocks is expected to be solid (+12%) driven by margin expansion as revenues would increase less (+5%). The share of sectors moving ahead is a bit less than in Q1, meaning some sectors , like Big Tech and the 'Mag 7', should take the lead. Regarding the latter, growth expectations are elevated (>+25%) but are nevertheless in a logical deceleration phase. For now, around 40% of companies have reported expectation-beating results with 78% of companies beating consensus. This is good but not great as this percentage is roughly in line with history and the magnitude of positive surprises is less strong than in Q1. In Europe, expectations are rather flat for the Stoxx 600 (NB: an improvement vs previous quarters). In terms of sectors, progress is expected to come mainly from utilities and financials. For now, a third of companies have published their figures. The good news, but here too without excess, comes from positive surprises in 55% of cases. Despite this, stock markets have been more nervous lately due to high expectations that are not always fully met and concerns about other elements concerning Big Tech names. Some valuations are stretched after having rallying for a while. It is healthy that the euphoria is calming down. The now more tangible prospect of a FED interest rate cut will be a supporting factor, although it is already widely anticipated. In addition, there is still a lot of money in money market funds that could find its way to the stock market. But that’s a longer term story. AG Insurance #markets #economy #finance #financenews #investments #investmentnews #investmentinsights Thanks to Trends Canal Z and Gaële Poncelet

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#BNPPResults - BNP Paribas Group delivers very strong results in Q3 2024. I want to emphasize the important role played by BNP Paribas Personal Finance given that, at our level, these results demonstrate a clear improvement based on a very dynamic commercial activity and improving margins.   As per the plan, we've managed to make the expected progress and to consolidate our position thanks to good cost control and a strong partnership dynamic!   Our commercial activity is in great shape and shows very positive performances in this third quarter with the closing of new partnerships and current partnerships being renewed, on our 3 areas of expertise : mobility, retail and direct sectors.   ⮕ Objectives are clear : to keep going and go further. The company's transformation plan is now almost complete and the rebuilding of our margins is well underway. Even if the overall context remains tense and competition tough, we're confident in our ability to maintain this trajectory for the coming quarters!

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Discover the ten essential questions shaping investment strategies in 2025 with Candriam's Outlook 2025. From monetary policy shifts to AI and banking challenges, explore how to build a resilient and high-performing portfolio for the year ahead. Read the first article by CIO Nicolas Forest: “2025: Terra Incognita”. 👉 https://lnkd.in/enFBw_s3 #candriam #investing4tomorrow

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Ready to thrive in the Fixed Income jungle? Candriam’s insights can help you navigate the ever-changing landscape. 🌿 Discover more: https://lnkd.in/ex-QrnsA #candriam #investing4tomorrow

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Nicolas Forest, CIO of Candriam, shares his insights on today's ECB meeting: 𝐄𝐂𝐁 𝐑𝐚𝐭𝐞 𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧: 𝐍𝐨 𝐬𝐮𝐫𝐩𝐫𝐢𝐬𝐞𝐬 𝐛𝐮𝐭 𝐚𝐧 𝐚𝐥𝐚𝐫𝐦 💬 “There were no surprises at today's ECB meeting. The gouverning council has decided to keep key interest rates unchanged. Despite a significant decline in inflation rates (down to around 2.5%), the ECB maintains that domestic pressures remain too high (strong employment market and elevated labour costs). However, growth is tilted to downside. After an initial rate cut in June, the market anticipates two additional cuts before the end of the year. This aligns with our expectations, as inflation dynamics should continue to support further easing. The current real interest rate remains significantly high, which could justify a normalization of monetary policy. In her press conference, Christine Lagarde has remained relatively cautious, emphasizing a data-dependent policy approach. The press conference was also an opportunity to remind European countries of the fiscal rules they must respect – a message aimed at governments tempted to pursue more fiscal easing especially if rates drop further. Monetary easing is thus beginning for developed markets. The ECB has paved the way for a new chapter in monetary policy, ahead of the FED and the BOE.” Together we continue #Investing4Tomorrow #ECB #MonetaryPolicy #InterestRates

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Have a look at this video that looks at Covered Bonds trends. #FitchRatings #CoveredBonds #FinanceTrends

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Attention, European Investors! 📈 Join us for a live Investment Talk on June 13, 2024, at 9:00am CEST, on credit markets. Charudatta Shende, Head of Client Portfolio Management - Fixed Income Markets at Candriam will outline how #investors can benefit from carry in credit markets. 👉 Secure your spot today and register here: https://ow.ly/E8Nr50Rzbk1 #Investment #FixedIncome #CreditMarkets #Investing #Candriam #Assetmanagement For professional investors from Europe.

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