PARIS, Aug 2 (Reuters) - Amundi, Europe’s biggest asset manager, reported higher second quarter profits as it benefited from new client money going into its main funds.
Amundi, majority-owned by French bank Credit Agricole , said second quarter net profits had risen 14.3 percent from last year to 234 million euros ($272.70 million).
“Amundi continues to have the potential for high levels of growth, based on its strengthened levels of expertise and its strong international presence,” said Amundi chief executive Yves Perrier in a statement.
Amundi bought Pioneer Investments from Italian bank UniCredit for 3.5 billion euros in 2017
$1 = 0.8581 euros Reporting by Sudip Kar-Gupta and Matthieu Protard; Editing by Inti Landauro