Amundi has reframed its business ambitions following its €825m acquisition of Lyxor, with which it aims to catapult its passive investment arm.
The acquisition has given the firm a 14% market share of UCITS ETFs, or more than €170bn in assets under management, which makes Amundi the second-largest player in Europe, behind BlackRock's €556bn AUM, or 46% market share. The firm said that one of the major reasons behind the acquisition of Lyxor was to further galvanise its position in the European market in light of increasing US competition in the space. Amundi appoints new head of marketing and products By 2025, the France-headquartered fund house intends to grow its passive AUM by 50% as it seeks to becomes "the European pa...
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