The French asset manager said it hopes the new venture, which will begin in Hong Kong, will contribute to its wider aim of reaching $100bn over the next three years.
Yves Perrier, chief executive of Amundi, said: “Building on [Amundi’s] index management expertise is very much in line with [its] strategy, which is to develop specific investment offering and provide its investors with a broad range of solutions through its investment management platforms.”
Global head of ETF and indexing, Valérie Baudson, added that the company’s ETF and indexing business has demonstrated dynamic growth, attracting $6bn since the beginning of the year.
Last month, the company announced further expansion in Asia, when it opened a wholly-owned mutual fund brokerage company in Thailand.
The French fund house said it is the first foreign asset manager in Thailand to receive a mutual fund brokerage license for distribution of funds under the recently unveiled ASEAN Collective Investment Scheme.
Prapatpong Weeramon was appointed managing director of the new company, which is called Amundi Mutual Fund Brokerage Securities (Thailand).
