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.”

 

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