Amundi ETF sees assets under management increase by 37% in 2012

The exchange traded fund business of Amundi recorded net inflows of €1.4bn in 2012, representing growth in assets under management of 37%, compared with growth in the overall European ETF market of 22%.

Assets under management rose from €6.5bn at end-December 2011 to €8.9bn at the end of 2012. The trend continued in 2013 with the €9bn AUM threshold crossed in January, a statement said.

The main drivers of product development were a combination of innovation and responding to investors’ requirements, the firm said. The range was expanded through 2012 to more than 100 ETFs.

Two recent products include one tracking the GOVT Bond Highest Rated EUROMTS Investment Grade 1-3 index, a new asset allocation tool within the investment grade eurozone fixed income range. Another tracks the TOPIX Euro Daily Hedged strategy index, helping investors gain exposure to Japanese equities while benefiting from daily hedging against euro/yen currency risk.

In April 2012, Amundi ETF entered the Spanish market, while continuing to strengthen its presence in other countries. There are now more than 430 cross-listings and registrations in seven European countries: France (102), Germany (75), Italy (75), Netherlands (75), Switzerland (55), United Kingdom (43) and Spain (8).

Valérie Baudson, managing director of Amundi ETF, said two main trends in 2012 accounted for the majority of inflows: a search for security in the first part of the year, then, as risk appetite gradually returned during the summer, strong interest in corporate bonds as well as developed and emerging market equities.

“2013 looks like it will be a pivotal year and an interesting challenge in terms of asset allocation,” she added.

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