London, 13 March 2019 - Amundi, Europe's largest fund manager[2], 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[3].
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[4], 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. Amundi Prime ETF range is built on our experience and outstanding bargaining power as Europe's largest asset manager. We are confident that this range will meet investors' needs for cost-efficiency, simplicity and transparency."
Media enquiries
Amundi ETF, Indexing & Smart Beta
Laura Uger
Amundi
Fany de Villeneuve
Maitland/AMO (PR Advisers to Amundi)
Jais Mehaji / Mads Neumann
+44(0) 20 7379 5151
Amundi-maitland@maitland.co.uk
About Amundi ETF, Indexing and Smart Beta
With close to €100 billion in assets under management[5], Amundi ETF, Indexing and Smart Beta is one of Amundi's strategic business areas and is a key growth driver for the Group.
Amundi ETF, Indexing and Smart Beta business line provides investors - whether institutionals or distributors - with robust, flexible and cost-efficient solutions, leveraging Amundi Group's scale and deep resources. With over 30 years of benchmark construction and replication expertise covering over 100 indices, Amundi is a trusted name in ETF & Index management among the world's largest institutions. The team also manages €20 billion in Smart Beta & Factor Investing5, covering solutions based on both efficient risk management and factor investing. These solutions are available into passive (index-based or ETF) and active management.
Thanks to the support of the whole Amundi Group, Amundi ETF, Indexing & Smart Beta business line helps meet the asset allocation needs of investors, while continuously innovating to design products that help clients meet the new challenges.The business line benefits from the long standing ESG knowledge of Amundi non-financial analyst team, as well as the wide quantitative research resources of the Group to customize portfolios according to investors' constraints.
About Amundi
Amundi is Europe's largest asset manager by assets under management and ranks in the top 10[6] globally. It manages more than 1.425 trillion[7] euros of assets across six main investment hubs[8]. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.
Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
Amundi. Confidence must be earned
This document and information included herein about the Amundi ETF funds is intended solely for journalists and media professionals, provided solely to enable them to have an overview of these funds, exclusively for their own independent editorial. Amundi Asset Management assumes no liability, whether direct or indirect, that may result from using any information contained in this document. In no circumstances may Amundi Asset Management be held liable for any decision taken on the basis of this information.
Important information
This document is not intended for citizens or residents of the United States of America or to any «U.S. Person», as this term is defined in SEC Regulation S under the U.S. Securities Act of 1933 and in the Prospectus of the Funds. The « US Person » definition is provided in the legal mentions of our website www.amundi.com .
The content of this document is for information purposes only and does not constitute a recommendation to buy or sell. Amundi AM accepts no liability, whether direct or indirect, that may result from using any information contained in this document. In no circumstances may Amundi AM be held liable for any decision taken on the basis of this information.
Past performance is not a guarantee or indication of future results. Investment return and the principal value of an investment in the Funds may go up or down and may result in the loss of the amount originally invested. Indicative net asset value of the Funds is published by stock exchanges. The Funds' units purchased on the secondary market cannot usually be sold directly back to the Funds. Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units and may receive less than the current net asset value when selling them.
Subscriptions in the Funds will only be accepted on the basis of its latest prospectus and/or KIID, which may be obtained free of charge at amundietf.com.
Investment in a Fund carries a substantial degree of risk (i.e. risks are detailed in the KIID and prospectus).
It is the investor's responsibility to ensure that his/her investment is compliant with the laws of the jurisdiction he/she depends on and to check if this investment is suiting his/her investment objectives or patrimony situation.
Transaction cost and commissions may occur when trading ETFs.
Information reputed exact as of March 2019.
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
For professional clients only
In the UK, this document is being issued in the United Kingdom by Amundi Asset Management London Branch, 41 Lothbury, London, EC2R 7HF. The promotion of the above mentioned funds in the UK is not intended for and should not be provided to the public or to any persons in the UK not falling within one or more of the following exemptions from the restrictions in s 238 FSMA: authorised firms under FSMA and certain other investment professionals falling within article 14 of the FSMA (Promotion of Collective Investment Schemes) (Exemptions) Order 2001, as amended (the "CIS Order") and their directors, officers and employees acting for such entities in relation to investment; high value entities falling within article 22 CIS Order and their directors, officers and employees acting for such entities in relation to investment; other persons who are in accordance with the Rules of the FCA prior to 1 November 2007 classified as Intermediate Customers or Market Counterparties or on or thereafter classified as Professional Clients or Eligible Counterparties. The distribution of this document to any person in the UK not falling within one of the above categories is not permitted.
Amundi Asset Management ("Amundi AM") is an investment company authorised by the Autorité des Marchés Financiers in France under number GP-04000036 and subject to limited regulation by the UK Financial Conduct Authority (the "FCA") for the conduct of UK investment business. Amundi AM is entered on the FCA Register under number 401883.
Disclaimer Solactive
The financial instrument is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Index and/or Index trade mark or the Index Price at any time or in any other respect. The Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards the Issuer, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. Neither publication of the Index by Solactive AG nor the licensing of the Index or Index trade mark for the purpose of use in connection with the financial instrument constitutes a recommendation by Solactive AG to invest capital in said financial instrument nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in this financial instrument.
[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
[5] All figures and data are provided by Amundi ETF, Indexing & Smart Beta at end December 2018
[6] Source IPE "Top 400 asset managers" published in June 2018 and based on AUM as of end December 2017
[8] Investment hubs: Boston, Dublin, London, Milan, Paris and Tokyo
