Amundi reframes business post-Lyxor acquisition

Seeks 50% passive AUM growth

James Baxter-Derrington
clock • 1 min read

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...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Funds

Legal & General closes Future World Sustainable Global Equity Focus fund

Legal & General closes Future World Sustainable Global Equity Focus fund

Launched in December 2021

Valeria Martinez
clock 01 November 2024 • 1 min read
Hedge fund founded by Wirecard sceptics shuts down

Hedge fund founded by Wirecard sceptics shuts down

'Too small to be viable'

Linus Uhlig
clock 31 October 2024 • 1 min read
Ninety One shuts Global Macro Alternative fund

Ninety One shuts Global Macro Alternative fund

Three share classes closed for two other funds

Cristian Angeloni
clock 31 October 2024 • 1 min read
Trustpilot