Inflows of more than €10bn contributed to taking Amundi ETF AUM to €38bn in 2017, the manager has reported.
The increase in net new assets doubled on the previous year, which is explained by “product innovation” and successful strategies. Amundi ETF also sees a boost for exchange traded funds from the impact of Mifid II. Key areas that attracted investors included corporate bonds, emerging market equities and factor exposures.
The manager’s Floating Rate Notes range has attracted some €3bn, while another nine fixed income ETFs were launched through the year. It claims some 30% of total European inflows to multi-factor ETFs; its range here, built in partnership with ERI Scientific Beta, added a product for the US equity market in 2017.
Amundi ETF also claims to have captured more than a third of total inflows to emerging market equity exposure. The relevant range of funds attracted €7.8bn of inflows.
Fannie Wurtz, managing director at Amundi ETF, Indexing & Smart Beta, said: “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.”
In 2018, the manager has said it will:
- “Drive product innovation, particularly in the fixed income space, in order to help investors face upcoming market challenges (eg, 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).”