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Amundi ETF broadens its European footprint
For Amundi ETF, 2010 was a year of intensive development marked by the rapid expansion of its activity in Europe and the widening of the product range.
Valérie Baudson, Managing Director Amundi ETF, states: “Our development in 2010 was completely in line with our ambitions. Our products have received a very positive response in the markets where we are present, in particular thanks to our competitive pricing, performance and quality of replication. With an objective to be in the top 5 European players, Amundi ETF has started 2011 on a positive note with net inflows of nearly EUR 400 million in January.”
- Rapid growth of registrations and listings across Europe
Encouraged by its success in France, in early 2010 Amundi ETF began an ambitious roll-out plan comprising almost 300 registrations and listings of its products in France, Germany, the Netherlands and Switzerland. Investors now have local access to a large part of the Amundi ETF product range.
- 3rd largest number of European ETFs launched in 2010
The Amundi ETF product range has continued to grow, with 29 products launched in 2010 taking the total offering to 94 ETFs covering the main asset classes: equities, bonds, money market and commodities.
Innovation remains a key driver as illustrated by two recent launches on NYSE Euronext in Paris: an ETF replicating a new global emerging debt index in USD and an ETF providing exposure to sustainable development.
- Increasingly competitive price positioning
The Amundi ETF range is, on average, priced 25% lower than equivalent competing products in Europe .
In line with its policy, Amundi ETF continues to launch ETFs at competitive prices. The ETF tracking the S&P 500 index is the least costly in Europe with a Total Expense Ratio (TER) of only 0.15%. The ETF tracking the MSCI Emerging Markets index, launched on NYSE Euronext in Paris, benefits from a TER of only 0.45% (compared to 0.70% on average for European competitor products).
- Asset growth outpacing the market
Amundi ETF’s assets under management stood at EUR 5.3 billion at the end of December 2010, an increase of almost 60% over the year compared to 24% for the European market. Amundi ETF is therefore positioned among the leaders in Europe going from 14th place at the end of 2008 to 7th in 2010
The Amundi ETF product range is available on NYSE Euronext, Borsa Italiana, Deutsche Börse and SIX Swiss Exchange and is distributed by dedicated sales teams at Amundi and CA Cheuvreux. Further information about Amundi ETF can be found on the amundietf.com website.
1 Source : Deutsche Bank European Weekly ETP Review, 23 December 2010 – in terms of new ETF launched in 2010
2 Source: Amundi IS as of 22/12/2010 based on the average TER of the European competitors using the same or a similar benchmark. Excluding transaction fees that may be charged by the financial intermediary.
3 Source : Deutsche Bank European Weekly ETP Review, 23 December 2010