Amundi second-largest European ETF issuer thanks to Lyxor acquisition
European ETFs have seen growth over the last year, achieving a new monthly record of $29.06 billion in January 2022.
European ETFs have seen growth over the last year, achieving a new monthly record of $29.06 billion in January 2022.
The asset manager said the deal could help it to achieve 50% growth in passive assets under management and use of its alternative UCITS platform by 2025.
Brieuc Louchard from Euronext and Lyxor Asset Management’s Cyrille Combes told TradeTech that increased retail activity in 2020 saw ETF volumes return to exchanges.
The sale of Lyxor Asset Management will boost Amundi as a leader in European ETFs and conclude the major restructure programme at Societe Generale.
The FlexNOW EMS from FlexTrade will help Lyxor Asset Management better navigate challenges posed by recent changes to working conditions.