Amundi ETF benefited from significant growth throughout the year to finish 2011 ranked as the 3rd largest European ETF provider by net new assets (EUR 1.7bn net inflows), according to a year-end review by the company.

Valérie Baudson, Managing Director of Amundi ETF.

Valérie Baudson, Managing Director of Amundi ETF said: “Amundi ETF remained focused throughout the year amid challenging market conditions.

“The outcome was extremely satisfactory with the number of products breaking through the 100 threshold and our successful launch in the UK, one of the most important and competitive markets in Europe.”

Eight new products were added to the company’s range in 2011 to reach a total of 102 with innovation driving product development.

Baudson points to the recent listing of the first ETF in Europe to offer an exposure to the S&P 500 with daily euro/dollar currency hedging on NYSE Euronext in Paris as an example.

Over the year, Amundi ETF continued to strengthen its local access in key European countries to reach more than 400 product cross-listings and registrations in six European countries: France (102), Germany (73), Italy (73), the Netherlands (73), Switzerland (50), and the UK (41).

The net effect was growth of 22% in assets under management, which increased from EUR 5.3bn at year end 2010 to EUR 6.5bn at year end 2011, against an overall stable European market.

Amundi ETF also responded to increased demand for transparency by publishing more information on its products and underlying structure (substitute basket, mark to market swap value).