Amundi affirms its ambition double AuM in its ETF and Indexing business in the next three years

From its position of strength as the leading asset manager in Europe, with $1.1trn of assets under management worldwide1, Amundi is continuing to develop its offering in the most sought-after asset classes in both active and passive management. The group is targeting its ETF & Indexing expertise as one of the core axes of its development strategy, with the aim of reaching AuM of $100bn (€75bn) in the next three years.

Passive management is one of the fastest growing segments within the asset management industry, now representing 15% of assets managed worldwide2. In a continuously evolving environment, investors are, in particular, seeking tailored indexed solutions.

Yves Perrier, CEO of Amundi comments: “Amundi is closely involved with this trend. Building on its index management expertise is very much in line with Amundi’s strategy, which is to develop specific investment offerings and provide its investors with a broad range of solutions through its specific investment management platforms. Amundi’s advantageous cost structure is of great benefit to its index management business, while international investors recognise our ability to tailor solutions to their individual needs and constraints.”

An “ETF and Indexing” business line was created at the end of 2013 in order to align Amundi’s strengths and better to provide for investors’ passive management requirements worldwide, whether through open-ended funds or dedicated mandates. The business line has a dedicated team of specialist managers and sales forces. The teams are supported by the group’s considerable resources, to serve clients’ interests through its skills in research, analysis, order execution, and risk and credit management.

Valérie Baudson, Global Head of ETF & Indexing at Amundi, adds: “Our ambition is to double our assets under management in the next three years. Our ETF and Indexing business has demonstrated dynamic growth, having attracted net flows of some $6bn since the beginning of the year. We are now in the process of speeding up this progress by leveraging on our two key strengths: our outstanding pricing power and our ability to innovate and build tailored solutions, such as those recently developed in Smart Beta and in SRI/low carbon management”.