Embracing growth thanks to first-class platform.
Amundi strengthens leadership in European ETFs with:
€46bn net inflows in 20251
€342bn ETF AUM1
This growth comes amid a record year for the UCITS ETF market — over €330 billion of flows in 2025, up from €254 billion in 2024 — contributing to total industry ETF AUM rising above €2.5 trillion.2
Key drivers of ETF market expansion
ETFs have continued to grow by serving as flexible portfolio building blocks that combine long‑term core exposures with tactical tilts, offering liquid, transparent instruments and cost-efficient market access.
Additional drivers have also accelerated this trend:
Broadening adoption
across all client
segments:
digital and ETF based savings & retirement offerings are expanding access to retail investors, while asset owners increasingly rely on ETFs as efficient and liquid instruments to execute allocation shifts and meet investment objectives including responsible investment ones
Expanding product offering meeting evolving investors’ needs:
innovation continue to fuel
new ETF launches with granular
and thematic exposures
helping investors respond to
new market environments
and new structures to
provide investors specific
market access
ETFs as solutions
and implementation
tools:
growing adoption of
ETF-based models, partnerships
and white-label offerings
support customised
portfolio construction
and scalable investment
solutions across
client segments
Embracing growth across every client segments
& geographies
Amundi’s ETFs proved attractive to clients across all segments — retail investors, digital platforms, wealth managers, institutional investors and fund managers — for both long term strategic & tactical allocation.
Client diversification has been accelerating with roughly half of AuM coming from retail investors in 20252.
Amundi also continued to scale and adapt its UCITS ETF offering in Asia and Latin America to meet local demand: about 30% of net new ETF assets came from outside Europe2.

Meeting investors demand through strong diversification.
Successful Core Range
2025 was marked by a strong rotation into European equities. The Amundi Core STOXX Europe 600 UCITS ETF, the largest European Equity UCITS ETF on this benchmark (€15bn) was the best collector in that space in 2025 (+€4.4Bn of net inflows). The Amundi Core MSCI USA UCITS ETF also registered record flows in 2025 (+€2.8bn of net inflows) reflecting strong demand for US equity exposures at a market leading low management fee.
Strong Fixed Income franchise
cash alternative strategies have been amongst the most favoured exposures in 2025: Amundi Smart Overnight Return UCITS ETF has been one of the most established ETF in Europe (€12.4Bn in AuM). Demand for granularity and responsible sourcing investment solutions in fixed income also continued to grow as demonstrated by the successful asset raising of the Amundi EUR Corporate Bond 1-5Y ESG UCITS ETF (+€4.7bn of net inflows).
Ongoing leadership in swap-based ETFs
swap based ETF AUM more than doubled over three years to €307bn at the end of 2025. On this market segment, Amundi reinforced its leadership: thanks to the largest synthetic suite, it was the #1 asset gatherer in 2025 with +€14bn of inflows and has a 40% share of synthetic ETF AuM.
Delivering client-driven innovations and solutions
To meet evolving investor needs, Amundi expanded its platform and now offers 350 ETFs globally. Notable launches include:
THEMATICS
European Defence & Strategic Autonomy thematic ETFs, supporting investment in European strategic initiatives with long term growth exposure.
LIFE CYCLE ETFs
Long term financial planning solutions for retail investors with specific lifecycle objectives.
ACTIVE ETFs
New active money market ETF to address demand from investors seeking very low risk profiles in a format that combines the accessibility and continuous trading features of ETFs.
RESPONSIBLE INVESTMENT
Screened RI ETFs that enable clients to align portfolios with ESG objectives while targeting low tracking error.
Launch of an “ETF-as-a-Service” offer

ETF as a Service: a comprehensive and modular white label proposition that enables clients – digital platforms, asset and wealth managers notably – to design, launch and scale ETFs under their own brand, while leveraging Amundi’s first-class infrastructure.
This new platform is a natural extension of Amundi’s mission to serve partners end to end, broaden solutions, and drive innovation in the ETF ecosystem.
Promising perspectives
Benoit Sorel, Head of ETF & Indexing at Amundi
"Aligned with Amundi strategic plan, we are committed to strengthen our position as Europe’s leading ETF issuer, launching new ETFs and continuing to expand our geographical footprint. Leveraging a scalable, efficient platform, we will deliver new solutions that support long-term financial planning, retirement and sustainability objectives."


Gilles Dauphiné, Head of Active & White Label ETF at Amundi
"Led by our client centric approach and our culture of innovation, we will pursue high potential themes such as active ETFs and ETF as a Service, strengthen client partnerships, deliver solutions for more use cases, and unlock new revenue opportunities."
1.Source: Amundi Financial Results 2025
2.Source: Amundi & Amundi Strategic Plan “Invest for the Future”
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KNOWING YOUR RISK
It is important for potential investors to evaluate the risks described below and in the fund’s Key Information Document (“KID”) and prospectus available on our websites www.amundietf.com.
CAPITAL AT RISK - ETFs are tracking instruments. Their risk profile is similar to a direct investment in the underlying index securities. Investors’ capital is fully at risk and investors may not get back the amount originally invested.
UNDERLYING RISK - The underlying index securities of an ETF may be complex and volatile. For example, ETFs exposed to Emerging Markets carry a greater risk of potential loss than investment in Developed Markets as they are exposed to a wide range of unpredictable Emerging Market risks.
REPLICATION RISK - The fund’s objectives might not be reached due to unexpected events on the underlying markets which will impact the index calculation and the efficient fund replication.
COUNTERPARTY RISK - Investors are exposed to risks resulting from the use of an OTC swap (over-the-counter) or securities lending with the respective counterparty(-ies). Counterparty(-ies) are credit institution(s) whose name(s) can be found on the fund’s website amundietf.com. In line with the UCITS guidelines, the exposure to the counterparty cannot exceed 10% of the total assets of the fund.
CURRENCY RISK – An ETF may be exposed to currency risk if the ETF is denominated in a currency different to that of the underlying index securities it is tracking. This means that exchange rate fluctuations could have a negative or positive effect on returns.
LIQUIDITY RISK – There is a risk associated with the markets to which the ETF is exposed. The price and the value of investments are linked to the liquidity risk of the underlying index securities. Investments can go up or down. In addition, on the secondary market liquidity is provided by registered market makers on the respective stock exchange where the ETF is listed. On exchange, liquidity may be limited as a result of a suspension in the underlying market represented by the underlying index tracked by the ETF; a failure in the systems of one of the relevant stock exchanges, or other market-maker systems; or an abnormal trading situation or event.
VOLATILITY RISK – The ETF is exposed to changes in the volatility patterns of the underlying index relevant markets. The ETF value can change rapidly and unpredictably, and potentially move in a large magnitude, up or down.
CONCENTRATION RISK – ETFs can select a large portion of their assets in a particular issuer, industry, stocks or type of bonds, country or region for their portfolio. Where selection rules are extensive, it can lead to a more concentrated portfolio where risk is spread over fewer stocks. Where selection rules are extensive, it can lead to a more concentrated portfolio where risk is spread over fewer stocks. This can mean both higher volatility and a greater risk of loss.
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Amundi Asset Management
French “Société par Actions Simplifiée” - SAS with a share capital of €1 143 615 555
Portfolio management company approved by the French Financial Markets Authority (Autorité des Marchés Financiers) under no.GP 04000036
Head office: 91-93, boulevard Pasteur, 75015 Paris - France
Postal address: 91, boulevard Pasteur, CS 21564, 75730 Paris Cedex 15 - France
Tel : +33 (0)1 76 33 30 30
Siren no. 437 574 452 RCS Paris