A subsidiary of Groupama, Groupama AM has once again demonstrated the robustness of its business model. In an uncertain context, marked by the high volatility of the financial markets, the company presents strong results, demonstrating the relevance of its choices and the quality of its management processes. Groupama Asset Management and Groupama Fund Pickers, its multi-management subsidiary, achieved annual turnover of €134.4 million in 2009, up by over 20%.

Assets under management totalled €88.8 billion at 31 December 2009. These assets have grown by €7.5 billion compared to 2008 due, on the one hand, to the rise in the markets and the return on assets, and, on the other hand, net in-ow that reached €2 billion, 1 billion of which was for clients outside the group.
The net income of €24.2 million, up by nearly 60%, contributes to strengthening the company’s financial solidity ...

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