Amundi ETF enjoys strong growth in assets under management

Jan 23rd, 2013 | By | Category: ETF and Index News

Buoyed by healthy inflows, assets under management at Amundi ETF grew by 37% last year from €6.5 billion at the end of 2011 to €8.9 billion at the end of 2012. This compares to growth of 22% for the overall European exchange-traded fund (ETF) industry.

Amundi ETF enjoys strong growth in assets under management

Valérie Baudson, Managing Director of Amundi ETF.

The Paris-based ETF provider, which is majority-owned by Crédit Agricole, added a net €1.4 billion in new assets, a trend that appears to have continued into 2013 with assets recently crossing the €9 billion threshold.

Product development was one of the main drivers of this growth, as the company proceeded to roll out a number of innovative new funds that swelled its product line-up to over 100 ETFs.

Successful new launches included the Amundi ETF Govt Bond Highest Rated EuroMTS Investment Grade 1-3 (AA13), launched in June, which provides access to only the highest quality (AAA-rated) euro-denominated debt, and the Amundi ETF Topix EUR Hedged Daily (TPXH), launched in October, which offers exposure to Japanese equities with an inbuilt hedge of the euro/yen exchange rate.

As well as launching new products, Amundi ETF continued to push into new markets, entering the Spanish market in April. The provider also expanded its presence in existing markets by cross-listing numerous products.

Overall, Amundi ETF’s range now includes more than 430 cross-listings and registrations in seven European countries: France (102 listings), Germany (75 listings), Italy (75 listings), Netherlands (75 listings), Switzerland (55 listings), United Kingdom (43 listings) and Spain (8 listings).

Valérie Baudson, Managing Director of Amundi ETF, commented: “In 2012 we observed two trends that 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 for corporate bonds as well as for developed and emerging market equities.”

She added: “2013 looks like it will be a pivotal year and an interesting challenge in terms of asset allocation. We aim to continue to offer innovative and competitive products that meet the needs of investors.”

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