Doubling of net new assets, taking AUM to €38 billion1..
Fannie Wurtz, Managing Director at Amundi ETF, Indexing & Smart Beta
– Growing retail investor demand for ETFs, boosted by MiFID II
– Corporate bonds (Floating Rate Notes, BBB), Emerging Equities and Factor exposures among Europe’s most popular ETFs
Amundi ETF, one of Europe’s leading providers of ETFs, announces that assets under management grew to €38 billion in 2017 (1), after record inflows of over €10 billion1. The increase in AuM represents a doubling of net new assets compared to 20161, 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 market1.
Amundi ETF attracted significant inflows on the following core strategies:
Amundi ETF is a leader in Fixed Income ETFs with its Floating Rate Notes range bringing in close to €3 billion1; AMUNDI ETF FLOATING RATE USD CORPORATE UCITS ETF tops the European league table in terms of inflows over the year1. 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.
Amundi ETF gained more than 30% of total European inflows on multi factor ETFs1. 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 Equity1 exposures, driven by cost-competitiveness. Overall, the Amundi ETF’s Emerging equity range gathered €7.8 billion1; AMUNDI ETF MSCI EMERGING MARKETS UCITS ETF accounting for close to €5 billion of AUM1.
Amundi ETF’s commitment to innovation is a key part of its strategy:
Amundi ETF was the first to explore the equity Market Neutral space2 with the launch of AMUNDI ETF ISTOXX EUROPE MULTI-FACTOR MARKET NEUTRAL UCITS ETF. This ETF helps investors capture the long-term potential of factor risk premia without being exposed to the direction of European equity markets.
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 3, maintaining compliance with Italy’s law on tax-advantaged personal savings plans (PIR). Amundi ETF is thus able to offer relevant solutions to investors in response to local requirements.
Amundi ETF’s ambitions for 2018
To strengthen its position as a core strategic partner for investors in Europe and Asia, Amundi ETF will:
drive product innovation, particularly in the fixed income space, in order to help investors face upcoming market challenges (e.g.: high valuations in the US, potential rate hikes, reorientation of Central Banks’ quantitative easing policies);
accelerate retail market penetration; 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 (e.g.: education training, allocation tools).
Fannie Wurtz, Managing Director at Amundi ETF, Indexing & Smart Beta, commented:
“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.”
1 Source: Amundi ETF, Indexing & Smart Beta as at end 2017 – Excluding joint venture figures
2 At launch date on Euronext Paris – For further information on the index methodology please refer to https://www.stoxx.com/indices