Amundi enjoyed record inflows of close to EUR3.4 billion into its ETF business in 2015, and an AUM close to EUR20 billion.
With an average annual growth rate of over 34 per cent over the past six years, Amundi claims it confirmed its positioning in the top five ETF providers in Europe. The inflows came mainly from plain vanilla exposures (European equities, Euro bond exposures offering potential yield).
Amundi designed new products in 2015, based on finding new sources of potential yield whatever the asset class, with three ETFs on US and European Buybacks, an exposure to US Floating rate notes and to Euro BBB corporate bonds; Hedging new financial risks, notably Carbon risk with the first ETF tracking MSCI World Low Carbon Leaders strategy index; Dealing with currency risk management, with daily-hedged exposures to Nikkei-400 and Topix index, to insulate portfolio from daily volatility in the currency markets and Smart Beta solutions, with efforts focusing on the development of a full range of mono and multi smart beta solutions, including the Amundi Multi Smart Beta ETF.
“In the face of a challenging year”, Valérie Baudson, CEO at Amundi ETF, Indexing and Smart Beta, says, “our record results encourage us to keep on building low cost solutions fitting with investors’ asset allocation needs. Offering new sources of potential yield and developing Smart Beta solutions will be at the center of our efforts in 2016, as we have all capabilities to bring solid added value to investors in this area. We will also keep on developing strong relationships with distribution networks to answer specific client needs and, encouraged by our success in Europe over the past 6 years, we are fully ready to bring our ETF expertise to Asia in 2016, leveraging on our key-strengths: cost-competitiveness, quality of replication and innovation.”