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July 19, 2021

Amundi to tap Wealth Management Connect, ESG opportunities to grow Asian AUM

By Verdict Staff

Amundi is reportedly looking to take advantage of Wealth Management Connect scheme and China’s move to attain carbon neutrality by 2060 to boost its assets under management (AUM) in Asia.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The French asset manager aims to grow its AUM by 70% to €500bn in the next four years, according to a report by South China Morning Post.

Amundi Asset Management chairman for Greater China Zhong Xiaofeng told the publication: “China’s market is so huge that it is impossible for any investment manager to miss it.

“The country’s opening up policies to attract foreign investors and its policies to promote environmental, social and governance (ESG) have given confidence to global asset managers to invest in the country.”

Xiaofeng also added that the Covid-19 pandemic has also accelerated the firm’s investment in China.

“The pandemic has led asset management companies globally to further diversify their businesses into more markets because they cannot rely on developed markets which have much slower growth than mainland China, which has seen a quicker economic recovery due to its better control of the pandemic,” he added.

Earlier this month, Bloomberg reported that Amundi is eyeing to more than double its AUM in the Greater China region to $250bn by 2025.

Wealth Management Connect will enable Hong Kong and Macau residents to purchase mainland investment products offered by banks in the bay area.

It will also enable residents of the nine Guangdong cities to buy investment products from banks in Hong Kong and Macau.

The initiative is said to be the first cross-border investment scheme in the Greater Bay Area.

Amundi managed €298bn assets in Asia as of the end of last year, representing 17% of its portfolio globally.

In Hong Kong and mainland China, the company had €101bn in assets, forming 6% of the company’s global AuM.

It is said to manage a total of €1.76trn in assets as of March.

In April this year, Societe Generale entered into an exclusive negotiation with Amundi to divest its fund management business Lyxor.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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