Amundi is targeting its exchange-traded fund and indexing expertise as one of the core axes of its development strategy, with the aim of reaching assets under management of USD100bn in the next three years.
Passive management is one of the fastest growing segments within the asset management industry, now representing 15 per cent of assets managed worldwide.
Yves Perrier, chief executive of Amundi, says: “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.”
An ETF and indexing business line was created at the end of 2013 in order to provide for investors’ passive management requirements worldwide, whether through open-ended funds or dedicated mandates.
Valérie Baudson, global head of ETF and indexing at Amundi, says: “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 USD6bn 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.”
