Amundi has affirmed its ambition to double assets under management in its exchange-traded fund and indexing business in the next three years.
Valérie Baudson, Global Head of ETF & Indexing at Amundi.
The Paris-headquartered asset manager, Europe’s largest, with $1.1 trillion in AUM, is targeting its ETF and indexing expertise as one of the core axes of its development strategy, with the aim of reaching $100 billion in AUM by 2017.
As of 19th September 2014, Amundi had $53 billion in ETF and index-linked assets, of which $18 billion were in ETFs.
Passive management is one of the fastest growing segments within the asset management industry, now representing 15% of assets managed worldwide.
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.”
Amunid created its dedicated ETF and indexing division at the end of 2013 in order to align the company’s strengths and better provide for investors’ passive management requirements worldwide, whether through open-ended funds or dedicated mandates. The business has specialist managers and dedicated sales forces, which are supported by group-wide resources leveraging skills in research, analysis, order execution, and risk and credit management.
Valérie Baudson, Global Head of ETF & Indexing at Amundi, added: “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 $6 billion 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”.