.
Results
- Good level of net asset management revenues, driven by net asset management fees of €707m, by +17.6% on Q3 2020 and +2.6% on Q2 2021 high performance fees (€90m)
- Cost/income ratio of 48.4%1 (~50% excluding exceptional level of performance fees4)
- Adjusted net income1 up sharply, at €333m:
+41.5% vs. Q3 2020
Excluding the exceptional level of performance fees2, +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020
Business activity
- Strong business momentum: high inflows3,5 of +€15bn in MLT assets, driven by active management (+€11.1bn) and all customer segments
- Moderate outflows in treasury products3: -€2.2bn
- Outflows of -€12.7bn in the JVs due
Results
- Good level of net asset management revenues, driven by net asset management fees of €707m, by +17.6% on Q3 2020 and +2.6% on Q2 2021 high performance fees (€90m)
- Cost/income ratio of 48.4%1 (~50% excluding exceptional level of performance fees4)
- Adjusted net income1 up sharply, at €333m:
+41.5% vs. Q3 2020
Excluding the exceptional level of performance fees2, +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020
Business activity
- Strong business momentum: high inflows3,5 of +€15bn in MLT assets, driven by active management (+€11.1bn) and all customer segments
- Moderate outflows in treasury products3: -€2.2bn
- Outflows of -€12.7bn in the JVs due
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