2019 was bumper year for Amundi ETF
Amundi ETF ended 2019 with EUR55 billion in assets under management. The firm claims that amid the fast-paced growth of the European ETF market over the last three years, it has exceeded the market’s growth rate during the period, and achieved the highest growth rate among the top-five European ETF providers.
The firm announces it has net new assets of EUR8 billion, which are more than double the amount collected in the previous year and says that it now ranks fourth by net new assets in Europe in 2019.
Flows into Amundi ETFs’ range of ETFs were diversified, the firm says. “The platform continued to accelerate the growth of its footprint in Europe as well as in Asia and Latin America, where the Amundi UCITS ETF franchise is meeting a growing demand from investors.”
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, says: “In a highly dynamic market environment, these strong results demonstrate investors’ continued confidence in Amundi ETF and confirm our position as a leading ETF provider. We are committed in the long term to offer wide-ranging, cost competitive and innovative ETFs to our clients, be they institutional or distributors”.
Strong launches from Amundi ETFs over 2019 included Amundi Prime ETFs, which they describe as Europe’s cheapest core ETF range offering both equity and fixed income exposures, which raised over EUR1 billion in AUM. SRI and Low Carbon ETFs also enjoyed success with the firm expanding the range to include seven equity and fixed income ETFs tracking MSCI SRI and Bloomberg Barclays indices and a Low Carbon ETF. These ETFs raised over EUR1.2 billion in net new assets in 2019, representing 15 per cent of inflows over the year.