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Amundi ETF announces record net inflows of €4bn in 2016

London, United Kingdom,

Amundi ETF unveils record results – amongst the highest on the European market - and sustained growth for 2016[1]. This success was driven by new product launches and business development.

 

[1] Source : Amundi ETF, Indexing and Smart Beta as at 31/12/2016 - Excluding SBI Funds Management joint venture figures

Cost-competitiveness and innovation  at the core of Amundi ETF growth in 2016

The commitment to cost-efficiency and client-driven innovation were decisive in helping Amundi ETF to capture over €4 bn of net new assets in 20161. This brings the total AUM of Amundi’s ETF range to €25 bn1 with an annual growth rate of almost 27% in 2016 (vs market average of 14.5%)[1].

Some notable products that met investors’ needs this year include:

           

  • The Amundi ETF Global and Regional Emerging Market equity range, which attracted more than 40% of total European ETF market flows to equivalent exposures in 2016[2], thanks to its price competitiveness. This range carries ongoing charges[3] of 0.20%, making it the lowest available in Europe[4].

As a result, AMUNDI ETF MSCI EMERGING MARKETS UCITS ETF reached over €2bn of AUM[5].

 

  • Our suite of innovative fixed income ETF products, designed to support investors in their search for yield, including:
    • The newly-launched USD FRN ETF range which provides investors with potential yield whilst also hedging for US-interest rate increases. AMUNDI ETF FLOATING RATE USD CORPORATE UCITS ETF, also available in EUR/USD currency hedging version, attracted more than €1.3 bn inflows over the year6.
    • AMUNDI ETF BBB EURO CORPORATE INVESTMENT GRADE UCITS ETF, the first ETF launched in Europe[6] providing potential yield of EUR denominated BBB rated Corporate debt, i.e. Investment Grade with lower risk than in the High Yield universe. This ETF drew more than €130 M net new assets in 20166.

 

  • Amundi ETF’s innovative smart beta range, completed with a new multi factor ETF on European Equities, in partnership with index provider ERI Scientific Beta. It also strengthened its Factor Investing range by completing the full series of MSCI Europe Factor exposures at competitive pricing.

As a whole, the Amundi single and multi-factor ETF range attracted close to €1.2 bn net new assets in 2016, bringing the total AUM to more than €2.1 bn in Smart Beta ETFs6.

 

Moving into 2017 with strong development ambitions

 

In addition to continuing to grow market share in the institutional market, one of Amundi ETF’s core objectives for 2017 will be to reinforce its footprint with distribution channels. The expansion of the physical ETF range, which began in 2016 with five core equity products, will support new partnerships, especially through the development of ETF-wrapped solutions for distributors. These solutions bring together Amundi’s renowned skills in advisory, balanced management and capital protected solutions[7], whilst leveraging long standing relationships with distributors across the globe.

To better assist investors in their asset allocation challenges, Amundi ETF continues to consider innovation as a key development driver in 2017, primarily in the fixed income space. This is to meet the challenge posed by low interest rates; as well as in the smart beta field, to better manage risks and capture rewarded risks.

Fannie Wurtz, Managing Director of Amundi ETF, Indexing & Smart Beta, said:

Amundi ETF has been able to achieve very successful results in 2016, with record inflows and sustained growth. In 2016 investors definitively kept on selecting Amundi as a reference partner of choice in passive management, for our first-class replication capabilities as well as pricing power.

This very positive year confirms Amundi ETF’s robustness and our ability to provide investors with innovative and cost-efficient solutions over the long term, together with the crucial support and experience of Amundi to expand into new client segments in 2017.”

 

 

 

 

 

[1] Source: Amundi ETF, Indexing & Smart Beta, based on Deutsche Bank European  ETF Market Review 2016

[2] Source : Amundi ETF, Indexing & Smart Beta as at 31/12/2016. Calculated on similar exposures.

[3] Ongoing charges - annual, all taxes included. For Amundi ETF funds, the ongoing charges, disclosed in the KIID, correspond to the Total Expense Ratio. The ongoing charges represent the charges taken from the fund over a year. When the fund has not closed its accounts for the first time, the ongoing charges are estimated. The TER is a measure that compares the annual total management and operating costs (all taxes included) charged to a fund against the value of that fund's assets. Transaction cost and commissions may occur when trading ETFs.

[4] For Global and Region Emerging Markets, ongoing charges at 0.20%, the cheapest on the European market. Source Amundi ETF/Bloomberg as at 31/12/2016: comparison with ETFs strictly replicating the same index (i.e. MSCI), whatever their name, without taking into account the fees applied by financial intermediaries, as these are borne directly by the investor.

[5] Source : Amundi ETF, Indexing & Smart Beta as at 31/12/2016.

[6] Innovative at launch date on Euronext Paris in October 2015

[7] Capital protection may, depending on the fund, be conditional on minimum performance; So if this performance condition is not met, you may incur a capital loss corresponding to the drawdown.

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About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients – retail investors, institutional investors and companies – a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 4,700 employees in nearly 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages over €1.7 trillion in assets[3].

 

Footnotes

 

  1. ^ [1] Source: IPE “Top 500 Asset Managers”, published in June 2020, based on AuM at 31/12/2019.
  2. ^ [2] Boston, Dublin, London, Milan, Paris and Tokyo
  3. ^ [3] Amundi data as of 31/12/2020

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