Previous Close | 63.90 |
Open | 63.25 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's Range | 62.75 - 64.05 |
52 Week Range | 48.22 - 66.35 |
Volume | |
Avg. Volume | 147,234 |
Market Cap | 12.977B |
Beta (5Y Monthly) | 1.21 |
PE Ratio (TTM) | 11.39 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 4.10 (6.42%) |
Ex-Dividend Date | Jun 03, 2024 |
1y Target Est | N/A |
(Bloomberg) -- Years of calling for better corporate governance in Japan are finally bearing fruit for Amundi SA, Europe’s biggest money manager. Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainThe firm has taken stakes in companies whose management had trad
Amundi, Europe's largest asset manager, said on Tuesday it was making its biggest foray into the United States by selling its U.S. arm to Victory Capital in exchange for a 26% stake in the U.S. company. Amundi's U.S. arm currently manages $104 billion - less than 5% of the group's 2 trillion euros ($2.1 trillion) in assets - and the deal is aimed at giving the Paris-based manager more access to clients in the world's largest financial market. The tie-up involves 15-year exclusive distribution deals that will enable Amundi to sell its non-U.S. fund products to U.S. clients via Victory, while the latter will be able to sell to more clients in the United States and use Amundi's distribution networks to access customers in Europe and Asia.
Amundi, Europe's largest asset manager, said on Tuesday it was making its biggest foray into the United States by selling its U.S. arm to Victory Capital in exchange for a 26% stake in the U.S. company. Amundi's U.S. arm currently manages $104 billion - less than 5% of the group's 2 trillion euros ($2.1 trillion) in assets - and the deal is aimed at giving the Paris-based manager more access to clients in the world's largest financial market. The tie-up involves 15-year exclusive distribution deals that will enable Amundi to sell its non-U.S. fund products to U.S. clients via Victory, while the latter will be able to sell to more clients in the United States and use Amundi's distribution networks to access customers in Europe and Asia.