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Amundi reports record inflows in 2017


ETF provider Amundi ETF reports that assets under management grew to EUR38 billion in 2017, after record inflows of over EUR10 billion.

The increase in AuM represents a doubling of net new assets compared to 2016, and was driven by successful investment strategies as well as significant product innovation. Amundi’s ETF business expanded twice as fast as the rest of the European market.

Amundi ETF reports that it attracted significant inflows to the following core strategies:  
Fixed Income ETFs with its Floating Rate Notes range bringing in close to EUR3 billion; AMUNDI ETF FLOATING RATE USD CORPORATE UCITS ETF tops the European league table in terms of inflows over the year. Throughout 2017, Amundi ETF launched a series of nine new fixed income ETFs, ranging from broad (Global Aggregate, Global Govies) to more granular and innovative exposures like Corporate BBB 1-5 indices. 
The firm gained more than 30 per cent of total European inflows on multi factor ETFs. This range of products, built in partnership with the ERI Scientific Beta, was completed in 2017 with a multi smart ETF for the US equity market.
Amundi ETF captured more than one-third of total European inflows on Emerging Equity exposures, driven, the firm says, by cost-competitiveness. Overall, the Amundi ETF’s Emerging equity range gathered EUR7.8 billion; AMUNDI ETF MSCI EMERGING MARKETS UCITS ETF accounting for close to EUR5 billion of AUM.

Amundi ETF writes that its commitment to innovation is a key part of its strategy, saying that Amundi ETF was the first to explore the equity Market Neutral space with the launch of AMUNDI ETF ISTOXX EUROPE MULTI-FACTOR MARKET NEUTRAL UCITS ETF. This ETF is designed to help investors capture the long-term potential of factor risk premia without being exposed to the direction of European equity markets.

The firm writes that AMUNDI ETF FTSE ITALIA PIR UCITS ETF DR was the first ETF to give exposure to the components of the FTSE Italia PIR PMI Plus and the FTSE MIB Indices, maintaining compliance with Italy’s law on tax-advantaged personal savings plans (PIR). Amundi ETF writes that it is thus able to offer relevant solutions to investors in response to local requirements.

Looking forward, the firm’s ambitions for 2018 include a desire to strengthen its position as a core strategic partner for investors in Europe and Asia.

The firm writes that it will drive product innovation, particularly in the fixed income space, in order to help investors face upcoming market challenges (such as high valuations in the US, potential rate hikes, reorientation of Central Banks’ quantitative easing policies).

The firm will also seek to accelerate retail market penetration. It writes that although institutional demand continues to be strong with ETFs proving useful for both strategic and tactical asset allocation strategies, retail demand for ETFs is increasing.

“In particular, investors are attracted by competitive costs and higher transparency, while the implementation of MiFID II will further boost demand for ETFs. Amundi ETF will continue to develop ETF-based solutions for distribution networks and platforms, leveraging the Group’s robust relationships with distributors and its ability to accompany its partners in the development of dedicated tools (eg education training, allocation tools).

Fannie Wurtz (pictured), Managing Director at Amundi ETF, Indexing & Smart Beta, says: “2017 has been a record year for Amundi ETF, powered by our ability to deliver solutions for both retail and institutional client segments, which are growing significantly. Amundi ETF offers one of the most consistent and cost-competitive ranges of products, which are fast becoming essential asset allocation tools for investors of all stripes.

“As investors grapple with a number of challenges in 2018, there has never been a greater need to respond to the specific requirements of clients, which we continuously address with product innovation and the development of competitive ETF-based solutions, leveraging our proximity with clients on the ground in Europe and Asia.”

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