Amundi aims to double passives business

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Amundi, the $1.1trn European asset manager, has said it is looking to double the assets of its ETF and index fund business by $100bn over the next three years.

The maanger estimates that globally across the industry passive management now accounts for some 15% of all assets managed.

This is set to continue growing, for example because investors are seeking more “tailored index solutions”.

Yves Perrier, CEO of Amundi said: “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 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.”

The manager added an ‘ETF and Indexing’ business line at the end of 2013, to offer capabilities in both open ended funds and dedicated mandates.

Valérie Baudson, global head of ETF & Indexing, said: “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.”


Jonathan Boyd
Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope. Jonathan has over two decades of media experience in Japan, Australia, Canada and the UK. Over the past 17 years he has been based in London writing about funds and investments. From editing the newsletter of the Swedish Chamber of Commerce in Japan in the 1990s he now focuses on Nordic markets for InvestmentEurope. Jonathan was awarded Editor of the Year at the Professional Publishers Association (PPA) Independent Publisher Awards 2017. Shortlisted for the same in 2016, he was also shortlisted in 2017 and 2015 for the broader PPA Awards category Editor of the Year (Business Media).

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