October 26, 2018 / 5:01 AM / 18 days ago

Asset manager Amundi reports higher Q3 profits

PARIS, Oct 26 (Reuters) - Amundi, Europe’s biggest asset manager, reported higher third quarter profits as it benefited from new client money going into its main funds.

Amundi, majority-owned by French bank Credit Agricole , said its adjusted third quarter net profits had risen 5.8 percent from a year ago to 230 million euros ($262 million).

Amundi bought Pioneer Investments from Italian bank UniCredit for 3.5 billion euros in a deal finalised in 2017.

$1 = 0.8795 euros Reporting by Mathieu Protard; Editing by Sudip Kar-Gupta

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