Thanks to the acquisition of Lyxor, Amundi wants to grow its passive management by 50% by 2025

0


(AOF) – Amundi has revealed that it is targeting 50% growth in the assets under management of its passive management platform by 2025 thanks to the acquisition of Lyxor, the leading European ETF provider. In addition, Amundi’s new range of responsible ETFs represents a market share of around 20%. The asset manager intends to double the proportion of ESG ETFs offered to investors, reaching 40% of the total ETF range by 2025.

Amundi has taken the strategic decision to create a business line dedicated to liquid alternative assets, “Amundi Alternatives”, in order to position itself as a major player in this market. The company aims to increase the assets managed by the alternative management fund platform in UCITS format by 50% by 2025 and to accelerate the development of DMAPs with international institutional clients.

Finally, Amundi confirmed the synergies generated by the integration of Lyxor, which will comply with what was announced in April 2021, namely: pre-tax cost synergies which should amount to 60 million euros for a full year from 2024, and revenue synergies which should reach 30 million euros for a full year in 2025.

© AOF

The AOF information reproduced on Capital.fr is taken from the AOF information service. This information is protected by intellectual property rights owned by OPTION FINANCE SAS, publisher of the AOF real-time stock market information service, and its contributors. Consequently, any reproduction, copy, duplication, modification, transfer, redistribution, translation, commercial or non-commercial exploitation, creation of hypertext link or reuse in any way whatsoever of this information is subject to the prior written agreement of OPTION FINANCE SAS and its contributors. AOF can be reached at the following address [email protected] OPTION FINANCE SAS collects its data from sources it considers the most reliable. However, subject to gross negligence, OPTION FINANCES SAS and its contributors in no way guarantee the absence of errors and defects, even hidden, nor the exhaustive nature or lack of conformity for any use whatsoever of these data and of OPTION FINANCE. SAS or one of its contributors, and cannot be held responsible for delays or interruptions that could affect access to them. The user of the OPTION FINANCE SAS service will use AOF data at his own risk and must hold OPTION FINANCE SAS and its contributors harmless from any claim resulting from this use.





Source link -92