For the sixth year CPR Asset Management grew assets under management by EUR2.2 billion, taking total assets to EUR39 billion.
Some 8 per cent of those inflows came from investors outside France.
Despite a shaky market environment, CPR AM ended the 2016 financial year with net inflows up by over EUR1.8 billion. Most net new money went into cash products (EUR1 billion inflows) and into short-term bond solutions. Medium and long-term investment strategies began to attract renewed interest in the second half, with net inflows of almost EUR300 million in equities and over EUR200 million in diversified investments.
Le Comptoir, CPR AM’s portal for wealth-management advisers, attracted strong gains in real estate, where net inflows came to more than EUR270 million.
In France, CPR AM won mandates from major institutional and corporate clients, thanks to its Solvency 2-dedicated solutions, but also to its expanded offering of long-term money-market solutions. Demand via distribution partners and wealth-management advisers was good. Clients continued to seek out CPR AM’s thematic equity solutions, and inflation expertise solutions also returned to the forefront.
Almost one third of net inflows were from international sources, which demonstrates the progress CPR AM is making outside France. AuM from international clients totals EUR3.4 billion, up sharply since 2015. The acceleration here is being driven by CPR AM’s active approach to product development and to sales and marketing investment in recent months. In 2016, CPR AM extended its footprint with product registrations in European countries while stepping up its dedicated marketing tools for Amundi’s sales forces worldwide (Europe, Asia, North America, and the Middle East).
‘’CPR AM is a fast-growing company with effective fund managers and a talented team, hard-wired to embrace innovation. We have a clear strategy that should allow us, with the Amundi group’s backing, to reach EUR50 billion in AuM by 2020, while achieving half of our inflows internationally,’’ says Valérie Baudson (pictured), CEO.
