Amundi ETF has reported assets under management reached €55bn at the end of 2019, which gives it claim to achieving the highest growth rate among the top five European ETF providers.
Net inflows of €8bn were double the amount achieved the previous year, putting the business fourth ranked by net new assets through the year, it said.
Inflows went to multiple asset classes, from clients including institutions, fund managers and distributors. The Amundi ETF platform also grew in Asia and Latin America, where the Amundi Ucits ETF franchise is seeing growing demand.
Fannie Wurtz, head of Amundi ETF, Indexing and Smart Beta, said: "In a highly dynamic market environment, these strong results demonstrate investors' continued confidence in Amundi ETF and confirm our position as a leading ETF provider. We are committed in the long term to offer wide-ranging, cost competitive and innovative ETFs to our clients, be they institutional or distributors."
Amundi ETF pursued a number of launches through the past year. Of these, it has highlighted two that achieved particular growth in terms of AUM.
The Amundi Prime ETFs, saw AUM across the range of equity and fixed income exposures pass €1bn, while the SRI and Low Carbon ETFs grew to seven equity and fixed income products, which attracted more than €1.2bn in net assets.