Amundi (AMUN) Investor update summary

Asia as a Strategic Growth Engine

• Asia is positioned as a major growth driver and second home market, with €473bn AuM at end-2025, a fourfold increase since 2015, and strong retail momentum supported by 12 offices and 9 investment hubs.

• The region is expected to deliver +€150bn net inflows by 2028, representing 50% of the group’s global net inflows target, with €84bn net inflows over 2022-2025.

• Expansion focuses on diversification, digitalisation, responsible investment, and partnerships with leading wealth players and institutional clients, aiming for a 50% increase in both by 2028.

• Growth is powered by joint ventures in India, China, and South Korea, with ongoing exploration of new opportunities in high-growth markets.

• Emphasis on addressing retirement investment needs and leveraging local retirement schemes.

Market Tailwinds and Trends

• Asia’s retail and institutional AuM are projected to double between 2020 and 2028, driven by sustained wealth growth, rising middle class, and increased adoption of digital solutions.

• Ageing demographics are fueling demand for retirement solutions, with the share of 65+ population in Asia expected to outpace the rest of the world by 2050.

• Investors are increasingly seeking diversification amid geopolitical uncertainty, with significant capital flows shifting from the US to Europe and Asia.

Operational Initiatives and Talent Investment

• Regional headcount will increase by 30% to support growth and platform excellence by 2028.

• Product innovation and expanded solutions capabilities are central to the strategy.

• Focus on capturing opportunities in Southeast Asia, including organic growth and new joint ventures.

• Leadership team is actively engaged in driving the Asia roadmap and client engagement.