French asset manager Amundi has confirmed that it is planning to launch an exchange-traded fund (ETF) venture in Asia next year, starting in Hong Kong.
The asset manager said it hopes the new venture will contribute to its wider aim of reaching $100bn over the next three years.
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Amundi CEO Yves Perrier 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."
The company created its dedicated ETF and indexing division at the end of 2013 in order to align the company’s strengths and better provide for investors’ passive management requirements worldwide, whether through open-ended funds or dedicated mandates.
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