Amundi reframes business post Lyxor acquisition

James Baxter-Derrington
clock • 1 min read
Amundi reframes business post Lyxor acquisition

Amundi has reframed its business ambitions following its €825m acquisition of Lyxor, with which it aims to catapult its passive investment arm. The acquisition has given the firm a 14% market share of UCITS ETFs, or more than €170bn in assets under management, which makes Amundi the second largest player in Europe, behind BlackRock's €556bn AUM, or 46% market share. The firm said that one of the major reasons behind the acquisition of Lyxor was to further galvanise its position in the E...

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