Amundi, Europe's largest asset manager, has unveiled a plan to boost its haul of passive fund assets by 50% over the next three years, and is banking on increased demand for exchange traded funds to reach its goal.
The ambition to grow its passives business from €282bn to €423bn by 2025 comes after the Paris-headquartered asset manager, which currently oversees around €1.8tn globally, finalised the €825m purchase of Lyxor from Societe Generale on 31 December.
