Amundi (AMUN) Investor update summary

Strategic priorities and growth ambitions in Asia

• Asia is positioned as a major growth engine, targeting €150 billion in net inflows by 2028, representing half of the group’s global target.

• The region benefits from strong market tailwinds, including rapid retail and institutional asset growth, rising retirement needs, and increasing demand for diversification and digital solutions.

• A pan-Asian approach combines direct presence and joint ventures in key markets, leveraging local partnerships for scale and access, with a focus on wealth, institutions, retirement, and innovation.

• The platform aims to increase headcount by 30% and client base by 50% by 2028, focusing on investment professionals and operational excellence.

• Product innovation, digitalization, and ESG integration are central, with responsible investment and scalable partnerships as key differentiators.

Market-specific strategies and partnerships

• China and South Korea are addressed mainly through joint ventures, providing access to over 1.6 billion retail clients and strong institutional relationships.

• In China, two JVs (ABC-CA and Amundi BOC) and a direct presence serve both retail and institutional clients, focusing on digital distribution and retirement solutions.

• South Korea combines a leading JV (NH-Amundi) and direct presence, with growth in ETFs, alternatives, and retirement solutions.

• In Japan, the strategy leverages global research and local investment teams, focusing on flagship funds, partnerships, and expanding ETF and passive solutions.

• Singapore acts as a Southeast Asia hub, with strong institutional and digital wealth partnerships, and a focus on responsible investment and ETF growth.

Product innovation, technology, and ESG

• The offering spans active management, ETFs, private assets, model portfolios, and OCIO services, supported by the ALTO technology platform.

• Partnerships with firms like ICG and Alpha Associates expand private market capabilities, especially for wealth clients.

• Responsible investment is a key differentiator, with 50% of RFPs in Asia including ESG criteria and a strong focus on stewardship and voting.

• Product innovation includes tokenized money market funds and tailored retirement solutions, with ongoing investment in talent and scalable platforms.

• The Amundi Investment Institute provides thought leadership and client-oriented research for Asian clients.