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Valérie Baudson, Managing Director of Amundi ETF comments: “Amundi ETF remained focused throughout the year amid challenging market conditions. The outcome was extremely satisfactory with the number of products breaking through the 100 threshold and our successful launch in the UK, one of the most important and competitive markets in Europe.”
Eight new products were added to the range in 2011 to reach a total of 102. Innovation has consistently driven product development which is illustrated by the recent listing of the first ETF in Europe2 to offer an exposure to the S&P 500 with daily euro/dollar currency hedging on NYSE Euronext in Paris.
Amundi ETF has continued to strengthen its local access in key European countries to reach more than 400 product cross-listings and registrations in six European countries: France (102), Germany (73), Italy (73), the Netherlands (73), Switzerland (50), and the UK (41).
Throughout 2011, Amundi ETF’s focus on providing investors with solutions adapted to a changing market environment led to growth of 22% in assets under management, which increased from EUR 5.3bn at year end 2010 to EUR 6.5bn at year end 2011, against an overall stable European market. Amundi ETF also responded to increased demand for transparency by publishing more information on its products and underlying structure (substitute basket, mark to market swap value) on amundietf.com. The Amundi ETF range will continue to evolve based on its three principles of quality, innovation and cost efficiency, which have consistently characterised its products since launch. |