Amundi unveils plans to expand physical ETF range

Growing need for low-cost ETF-based solutions

Amundi ETF, Europe's fifth largest ETF provider, has announced plans to expand its physical ETF range to nearly 20 to meet investor demand for the vehicles on the continent.

The French asset manager, which already has some €21bn of assets under management in ETFs, has traditionally used synthetic or swap-based ETFs for the bulk of its product base. It has reported some €1.2bn of flows into its ETF range since the beginning of the year.  European equity ETFs shed €3bn in July as Brexit spooks investors However, to match the growing need for low-cost ETF-based solutions among distributors, the group said it is expanding its physical ETF range, as well as leveraging capabilities within the Amundi Group to develop discretionary or advisory portfolio managemen...