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Amundi ETF enters the UK market
Amundi ETF is bringing a competitive range of products to UK investors with 16 ETFs that can now be traded on the London Stock Exchange (“LSE”).
Building on three years’ experience in Continental Europe, Amundi ETF is extending its offering to the UK market with the launch of a range of ETFs providing exposure to regional and country equity indices. In total, around 50 ETFs will be offered in the UK over the next 3 months.
These products are some of the most competitive available to investors, being on average, 25% cheaper than their European peer group. They benefit from the use of synthetic replication to minimise both costs and tracking error. Amundi ETF is also committed to offering investors innovative products: within this first series, 7 are unprecedented on the LSE.
Amundi ETF products are backed by two of Europe’s largest banks, Crédit Agricole S.A. and Société Générale, which respectively own 75% and 25% of Amundi. With $923.2bn (€689.5 bn) in assets under management, Amundi Group is the 3rd largest asset manager in Continental Europe .
Amundi ETF began its ambitious European roll out plan in early 2010. Since then it has extended its presence from France into Germany, Switzerland, Italy, the Netherlands, and now the UK market. With this new step, Amundi ETF is increasing the total number of its listings to well over 300 .
Valérie Baudson, Managing Director of Amundi ETF comments: “The UK is an extremely important and competitive market and we are confident we have a product range of interest to both institutional and retail investors in the UK, who can now enjoy the same advantages already experienced by other European investors. As one of the fastest growing ETF providers in Europe, we are sure that these transparent and liquid products will prove to have strong appeal."
Pietro Poletto, Head of ETFs and ETPs at London Stock Exchange Group states: “We are delighted to welcome Amundi as a new issuer of ETFs to our markets today. Amundi has considerable expertise in European ETFs and today the company is bringing new products to the London Stock Exchange Group, the largest ETF exchange in Europe by volume. International investors in London's ETF market will directly benefit from both the range of products listed and the deep market liquidity.”
With offices in London for over ten years, the Amundi Group has a well established base in the UK market, from where it services clients and manages its global products. Launching in the UK is a significant milestone for Amundi ETF, which is committed to offering UK investors a competitive range of quality and innovative products.
1 Source: Amundi Investment Solutions (Amundi IS) as of 22 December 2010 based on the TER of the European competitors using the same or a similar benchmark.
2 Amundi Group figures as at 31 December 2010.
3 No. 3 in Continental Europe – Total assets under management (open-ended funds, dedicated funds, mandates) - Source IPE Top 400 published in June 2010, based on figures at as December 2009.
4 Source: Amundi IS as of 9/5/2011.