Amundi ETF grows assets 60% in 2010

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Amundi saw assets under management (AUM) in its ETF business swell to €5.3bn by the end of December, a yearly increase of nearly 60%.

The firm unveiled 29 products last year, the third busiest launch calendar of any European provider, including an ETF tracking the Markit iBoxx USD Liquid Emerigng Markets Sovereigns index. Amundi says it is focusing on innovation and low prices, and claims its range is priced 25% lower on average than equivalent competing products in Europe. Its latest launch on the MSCI Emerging Markets index carries a total expense ratio of 0.45%, compared to an average of 0.69% across similar products. The year-end figures mean that over the past two years Amundi ETF has climbed from fourteenth t...

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