Amundi doubles CASAM ETF assets

Amundi has reported assets under management in its CASAM ETF range doubled in 2009, amounting to €3.3bn at the end of December last year.

The issuer says its top three funds in terms of assets comprise the CASAM ETF CAC 40, Dow Jones Euro Stoxx 50 and EONIA funds, which have €489m, €450m and €370m respectively.

Amundi's strategy of launching an average of 10 new ETFs every three months has allowed the CASAM range to rapidly expand, boosting the current offering to 78 products.

The issuer says the fund range also covers the main asset classes, spanning equities, fixed income, money markets and commodities.

The firm, which has more than €650bn under management, distributes the CASAM ETF range through sales teams at CA Cheuvreux and Amundi.