Amundi, Europe’s largest fund manager, today announces its growth strategy to double the assets under management of its ETF, Indexing and Smart Beta business line by 2023. Amundi also announces the launch of an entirely new ultra-low cost1 ETF range: Amundi Prime.
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, says: “We have been experiencing strong and steady growth over the past years across all areas of expertise and client segments. We will look to meet our objectives by developing new markets while continuing to increase our European presence, where we believe there is still significant room for growth.”
It is Amundi’s ambition to double its ETF, Indexing and Smart Beta assets under management to €200 billion by 2023. To achieve this target, the business line will focus on three growth drivers: increasing client coverage in Europe and Asia; enhancing product offering and investment solutions; and boosting its retail market presence.
In line with this strategic focus, Amundi unveils the launch of Amundi Prime ETF range at a highly competitive flat rate of 0.05% across all funds.
The initial launch of nine Amundi Prime ETFs will offer investors exposure to the key building blocks of a diversified portfolio, accessing both fixed income and equity market indices, across a range of geographic regions: Global, Europe, USA, and Japan.
The ETFs will track indices designed and calculated by Solactive, a well-established and cost-efficient index provider. Additionally, all Amundi Prime ETFs are UCITS-compliant and physically replicated.
Fannie Wurtz adds: “Our product development strategy has always been based on our constant dialogue with clients who are increasingly looking to include ETFs in their investment solutions. We are confident that Amundi Prime ETF will meet investors’ needs for cost-efficiency, simplicity and transparency.”
1 Source Amundi: Comparison based on the ongoing charges (OGC) of equivalent “core” ETF ranges available in Europe. Data from Bloomberg as of 31/01/2019. Important: some individual Funds may not be cheaper than their European peers or may not have an equivalent to compare with and vice versa. Analysis excluding third party commissions/costs incurred directly by investors when trading.
2 Source IPE “Top 400 asset managers” published in June 2018 and based on AUM as of end December 2017
3 Ongoing charges - annual, all taxes included. The ongoing charges represent the charges taken from the fund over a year. Until the fund has closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs.
4 For further information on the index provider, please consult www.solactive.com
1 Ongoing charges - annual, all taxes included. The ongoing charges represent the charges taken from the fund over a year. Until the fund has closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs.