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Amundi – Most Innovative European ETF Provider

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Amundi Group is Europe’s leading asset manager1 with close to EUR780bn2 in assets under management. It is owned by two of France’s main banking institutions: Credit Agricole (75 per cent shareholding) and Societe Generale (25 per cent shareholding).

Located at the heart of the main investment regions in almost 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies. Amundi ETF is the ETF expertise of the Amundi Group.
 
With more than EUR12bn3 (as at end-February 2014) in assets under management, Amundi’s ETF business ranks as the fifth largest in Europe. The firm enjoyed a 28 per cent growth in assets in 2013 compared to 13 per cent for the overall European ETF market, recording EUR1.1bn of net new assets across its range of 100 ETFs.
 
Successful products in 2013 included:
 
•           An ETF offering an exposure to the Govt Bond Lowest Rated EUROMTS Investment Grade index, with more than EUR700m of inflows to reach an AUM of EUR950m;
 
•           An ETF offering an exposure to the TOPIX Euro Daily Hedged strategy index with more than EUR460m of inflows to reach an AUM of EUR900m;
 
•           An ETF offering exposure to the EUROSTOXX 50 Index which broke through the EUR1bn threshold, meeting the demand from investors for plain vanilla exposure at a low price.
 
Amundi ETF takes a pragmatic approach to innovation. It represents one of the central pillars of its development, alongside quality products and competitive prices. One third of launches by Amundi ETF are first-in-kind products, a direction that the firm intends to follow moving forward in response to the changing needs of investors.
 
“If we see the demand rising for certain asset classes or theme products, we will naturally look at this direction but with a particular focus on transparency and liquidity. We pay special attention to the “clarity” of a new product when launched, because we know that investors must be able to understand what a fund aims to do as well as the index, which it is tracking,” comments Valerie Baudson (pictured), Global Head of ETF and Indexing at Amundi.
 
Some examples of Amundi’s innovative products include a range of “daily hedged” ETFs which help to reduce the influence of exchange rate volatility by optimising currency hedging, and more recently thematic funds such as AMUNDI ETF S&P GLOBAL LUXURY UCITS ETF. This new fund gives investors access to global luxury brands by tracking the S&P Global Luxury Index, comprising 80 luxury-related securities across 12 different countries.
 
Indeed, 2014 looks to be shaping up as another busy year for Amundi ETF. Aside from the global luxury ETF, other new launches year-to-date include an ETF that tracks the Russell 2000 index and one that tracks the MSCI Europe Minimum Volatility index.
 
On winning the award this year, Baudson comments: “We are honoured to receive this award. We take this as recognition by the ETF industry of the quality of Amundi ETF products and our ability to innovate, something that has been at the heart of our development strategy since the beginning.” 
 
Footnotes:
 
1.         Source: IPE « Top 400 asset managers active in the European marketplace » published in June 2013, based on figures as at December 2012. Interviews with asset management companies on their assets as at end-December 2012 (open-end funds, dedicated funds, mandates).
 
2.         Amundi Group figures as at 31st December 2013.
 
3.         Source: Deutsche Bank Europe Monthly ETF Market Review February 2014.

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