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Amundi ETF posts 50% organic growth in 2017

United Kingdom,

Doubling of net new assets, taking AUM to €38 billion​1 ​

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 20171, 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 Indice3, 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.”

 

Further information about Amundi ETF can be found on the amundietf.com website.

This document is intended solely for journalists and media professionals. The information about the Amundi ETF funds is provided solely to enable journalists and media professionals to have an overview of these funds, and whatever use they make, which is exclusively for independent editorial, Amundi Asset Management assumes no responsibility.

 

 

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
3.  At launch date on Borsa Italiana - For further information on the index methodology please refer to the index provider website http://www.ftserussell.com/

 

Important information

This document is not intended for use by residents or citizens of the United States of America and “U.S. Persons” as defined by Regulation S of the Securities and Exchange Commission by virtue of the U.S. Securities Act of 1933. You can find the definition of “U.S. Person” in the legal notices of the website: www.amundi.com website and in the prospectus of the fund described in this document.

Promotional, non-contractual information not constituting investment advice or recommendation or solicitation to buy or sell.

Before subscribing, potential investors must consult the regulatory documentation of the Funds approved by the AMF, including the current Key Investor Information Document (KIID) available on the website www.amundi.com or upon request from the registered office of Amundi AM.

Investment in a Fund carries a substantial degree of risk (i.e. risks are detailed in the DICI and prospectus).

The transparency policy and information on the composition of Funds’ assets is available at amundietf.com. The indicative net asset value is published by stockbrokers. Information on the composition of indices is available on the websites of the index suppliers. Units in the Funds acquired on the secondary market may not, in general terms, be directly resold to the Fund.

Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a broker) and, in doing so, may incur costs. In addition, investors may pay more than the current net asset value when they buy units, and may receive less than the current net asset value when they sell them.

Transaction cost and commissions may occur  when trading ETFs.

It is the responsibility of investors to assure themselves as to the compatibility of this investment with the laws of the jurisdiction to which they are subject and of its appropriateness to their investment objectives and financial (including tax) situation.

Information reputed exact as of January 2018.

Reproduction prohibited without the written consent of the Management Company.

Amundi ETF designates the ETF business of Amundi Asset Management.

This Document was not reviewed/stamped/approved by any Financial Authority;

Disclaimer UK

The following funds mentioned in the document are recognized collective investment schemes under s.264 of the United Kingdom Financial Services and Markets ACT 2000: AMUNDI ETF FLOATING RATE USD CORPORATE UCITS ETF, AMUNDI ETF MSCI EMERGING MARKETS UCITS ETF and AMUNDI ETF ISTOXX EUROPE MULTI-FACTOR MARKET NEUTRAL UCITS ETF.

 

However, AMUNDI ETF FTSE ITALIA PIR UCITS ETF DR is an unregulated collective investment scheme for purposes of the UK Financial Services and Markets Act 2000 (“FSMA”) and, as such, information on this fund must not be provided to retail clients in the UK

 

This document is being issued in the United Kingdom by Amundi Asset Management  which is authorized by the Autorité des Marchés Financiers and subject to limited regulation by the Financial Conduct Authority for the conduct of investment business in the United Kingdom under number 401883 with its registered office at 41 Lothbury, London EC2R 7HF. Details about the extent of regulation by the FCA are available on request. This document is only directed at persons who are professional clients or eligible counterparties for the purposes of the FCA’s Conduct of Business Sourcebook. The investments described herein are only available to such persons and this document must not be relied or acted upon by any other persons. This document may not be distributed to any person other than the person to whom it is addressed without the express prior consent of Amundi.

 

Disclaimer MARKIT iBOXX

The Markit iBoxx® brand and indices are the intellectual property of International Index Company Limited. A license has been granted to Amundi to use them for certain purposes. Markit iBoxx® indices are the property of International Index Company Limited and are used under license. The fund is neither approved, nor sponsored or recommended by International Index Company Limited. Markit iBoxx® indices are trademarks of International Index Company Limited -“the index sponsor”- and used under license for the funds mentioned in the document.

 

Disclaimer MSCI

The funds are not sponsored, endorsed, sold or promoted by Morgan Stanley Capital International Inc. (“MSCI”), any of its affiliates, any of its information providers or any other third party involved in, or related to, compiling, computing or creating any MSCI index (collectively, the “MSCI parties”). The MSCI indexes are the exclusive property of MSCI. MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Amundi AM. None of the MSCI parties makes any representation or warranty, express or implied, to the issuer or owners of this fund or any other person or entity regarding the advisability of investing in funds generally or in this fund particularly or the ability of any MSCI index to track corresponding stock market performance. A complete description of the MSCI indexes is available on request from MSCI. MSCI indexes are registered trademark of MSCI which are used to identify indexes it calculates and publishes.

MSCI guarantees neither the value of the index at any given time nor the results or performance of products indexed against this index.

 

Disclaimer Scientific Beta Index

The Scientific Beta index is the intellectual property (including registered trademarks) of EDHEC Risk Institute Asia Ltd and/or its licensors, which is used under license within the framework of ERI Scientific Beta activity. The fund is not sponsored, endorsed or sold by EDHEC Risk Institute Asia Ltd and its licensors and neither its licensors shall have any liability with respect thereto.

Disclaimer STOXX

The iSTOXX Europe Multi-Factor Market Neutral  index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The securities based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

Disclaimer FTSE

This fund is not in any way sponsored, endorsed, sold or promoted by FTSE International Limited (“FTSE”), The London Stock Exchange Plc, The Financial Times Limited, SPH Data Services Pte Ltd or Singapore Press Holdings Ltd (together, “SPH”) or Singapore Exchange Securities Trading Limited (“SGX”) (collectively hereinafter referred to as the “Index Sponsor”). The Index Sponsor makes no warranty or representation whatsoever, either expressly or impliedly, either as to the results to be obtained from the “Index” and / or the figure at which the Index stands at any particular time on any particular day or otherwise. The Index Sponsor further does not warrant nor represent nor guarantee to any broker or holder of any Securities sold or marketed by Amundi AM or any member of the public as to the accuracy or completeness of the Index and its computation or any information related thereto. No warranty or representation or guarantee of any kind whatsoever relating to the Index or the Securities is given by the Index Sponsor. The Securities are not issued, endorsed, sold or promoted by the Index Sponsor and the Index Sponsor bears no liability in connection with the administration, marketing or trading of the Securities. The Index is calculated by FTSE. The Index Sponsor accepts no liability (whether in negligence or otherwise) towards any person for any error in the Index and shall not be under any obligation to advise any person of any error therein. The compilation or composition of the Index or the constituent stocks and factors may be altered or changed by the Index Sponsor without notice. The Index Sponsor is entitled to all relevant intellectual property rights in the Index. This document is of a commercial and not of a regulatory nature.

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10[1] globally. Having been a pioneer of the European ETF market, Amundi ranks among the top five European ETF providers[2], with more than €38bn in assets under management[3]. Amundi ETF offers investors a broad range of more than 100 ETFs characterized by:

  • quality
  • continuous innovation
  • competitive prices

Dedicated teams are located in eleven European countries and rely on a wide network of “Authorised Participants” (more than 65 market makers).

amundietf.com

 

[1] Source IPE Top 400 Asset Managers published in June 2017 and based on AUM as of end December 2016.
[2] Source: Deutsche Bank ETF Monthly Europe, as of November 2017
[3] Source: Amundi ETF/Bloomberg end December 2017.

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About Amundi

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets. This offering is enhanced with IT tools and services to cover the entire savings value chain. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.9 trillion of assets[2].

With its six international investment hubs[3], 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 5,400 employees in 35 countries.

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com 

 

Footnotes

  1. ^ [1] Source: IPE “Top 500 Asset Managers” published in June 2022, based on assets under management as at 31/12/2021
  2. ^ [2] Amundi data as at 31/12/2022
  3. ^ [3] Boston, Dublin, London, Milan, Paris and Tokyo

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