Amundi expansion plans pay off

Amundi ETF is one of the top three European ETF providers by net new assets, according to Deutsche Bank's latest ETF market review.

Amundi ETF benefited from significant growth throughout the year to finish 2011 ranked as the third largest European ETF provider by net new assets, with EUR 1.7bn net inflows.

Despite challenging market conditions, 2011 was a positive year for Amundi ETF with the extension of its range to over 100 products, which led to growth of 22% in assets under management on 2010 figures.

The European development plan reached an important milestone in May with entry into the UK market. Amundi ETF has continued to strengthen its local access in key European countries to reach more than 400 product cross-listings and registrations in six European countries: France (102), Germany (73), Italy (73), the Netherlands (73), Switzerland (50), and the UK (41).

Commenting on 2011 activity, Valérie Baudson, Managing Director said: “The outcome was extremely satisfactory with the number of products breaking through the 100 threshold and our successful launch in the UK, one of the most important and competitive markets in Europe.”

Eight new products were added to the range in 2011 to reach a total of 102. Innovation has consistently driven product development which is illustrated by the recent listing of the first ETF in Europe to offer an exposure to the S&P 500 with daily euro/dollar currency hedging on NYSE Euronext in Paris.

Amundi ETF has also responded to increased demand for transparency by publishing more information on its products and underlying structure - substitute basket, mark to market swap value - on its website.

www.amundietf.com