Amundi protected funds leader in Japan, signs partnership agreement with SMBC
To help Japanese savers overcome their very strong aversion to risk, Amundi is promoting its protected funds, replicating the success of its Protect 90 range in Europe. With inflows of nearly €2 billion in 2016 and 2017 for its Double Watch and Anshin&Switch funds from 26 distributors, Amundi is now in the leadership position for this emerging segment in Japan. The keys to this success were its innovative character (Anshin&Switch is Japan's first mutual fund to feature protection through a bank guarantee) and a two-year partnership with Japan's top retail network SMBC*, which achieved inflows of €650 million in under two months the most successful launch in SMBC and Amundi Japan's history. Excellent relations between SMBC and Crédit Agricole S.A., plus active support from Crédit Agricole CIB Japan facilitated this partnership.
*Sumitomo Mitsui Banking Corporation