Amundi strengthens leadership in European ETFs in 2025 with +€46bn net inflows and €342bn ETF AUM
Amundi had another milestone year for its ETF franchise in 2025, strengthening its position as #1 European provider both in terms of inflows (+€46bn of net inflows) and in assets under management (€342bn)[1]. This growth comes amid a record year for the UCITS ETF market: over +€330bn of flows in 2025, contributing to total industry ETF AuM rising above €2.5tn2.
Key drivers of ETF market expansion
ETFs have continued to grow by serving as flexible portfolio building blocks that combine long‑term core exposures with tactical tilts, offering liquid, transparent instruments and cost-efficient market access.
Additional drivers have also accelerated this trend:
Broadening adoption across all client segments: digital and ETF‑based savings & retirement offerings are expanding access to retail investors, while asset owners increasingly rely on ETFs as efficient and liquid instruments to execute allocation shifts and meet investment objectives including responsible investment ones.
- Expanding product offering meeting evolving investors’ needs: innovation continue to fuel new ETF launches with granular and thematic exposures helping investors respond to new market environments and new structures to provide investors specific market access.
- ETFs as solutions and implementation tools: growing adoption of ETF-based models, partnerships and white-label offerings support customised portfolio construction and scalable investment solutions across client segments.
Embracing growth across every client segments & geographies
Amundi’s ETFs proved attractive to clients across all segments — retail investors, digital platforms, wealth managers, institutional investors and fund managers — for both long‑term strategic & tactical allocation.
Client diversification has been accelerating with roughly half of AuM coming from retail investors in 2025[1].
Amundi also continued to scale and adapt its UCITS ETF offering in Asia and Latin America to meet local demand: about 30% of net new ETF assets came from outside Europe2.
Meeting investors demand through strong diversification
Investors continued to take advantage of Amundi’s large and diversified product offering, using it as a one-stop solution to adjust portfolio allocations as market conditions evolved.
- Successful Core Range: 2025 was marked by a strong rotation into European equities. The Amundi Core STOXX Europe 600 UCITS ETF, the largest European Equity UCITS ETF on this benchmark (€15bn) was the best collector in that space in 2025 (+€4.4Bn of net inflows). The Amundi Core MSCI USA UCITS ETF also registered record flows in 2025 (+€2.8bn of net inflows) reflecting strong demand for US equity exposures at a market‑leading low management fee.
- Strong Fixed Income franchise: cash alternative strategies have been amongst the most favoured exposures in 2025: Amundi Smart Overnight Return UCITS ETF has been one of the most established ETF in Europe (€12.4Bn in AuM). Demand for granularity and responsible sourcing investment solutions in fixed income also continued to grow as demonstrated by the successful asset raising of the Amundi EUR Corporate Bond 1-5Y ESG UCITS ETF (+€4.7bn of net inflows).
- Ongoing leadership in swap-based ETFs: swap‑based ETF AUM more than doubled over three years to €307bn at the end of 2025. On this market segment, Amundi reinforced its leadership: thanks to the largest synthetic suite, it was the #1 asset gatherer in 2025 with +€14bn of inflows and has a 40% share of synthetic ETF AuM.
Delivering client-driven innovations and solutions
Amundi expanded its platform to offers 350 ETFs globally. Notable launches in 2025 include:
- Thematics: European Defence & Strategic Autonomy thematic ETFs, supporting investment in European strategic initiatives with long‑term growth exposure.
- Life‑cycle ETFs: long‑term financial‑planning solutions for retail investors with specific lifecycle objectives.
- Active ETF: New active money market ETF to address demand from investors seeking very low risk profiles in a format that combines the accessibility and continuous trading features of ETFs.
- Responsible Investment: screened Responsible Investment ETFs that enable clients to align portfolios with ESG objectives while targeting low tracking error.
In addition, Amundi announced the launch of an “ETF-as-a-Service” offer, a comprehensive and modular white‑label proposition that enables clients – digital platforms, asset and wealth managers notably – to design, launch and scale ETFs under their own brand, while leveraging Amundi’s first-class infrastructure.
This new platform is a natural extension of Amundi’s mission to serve partners end‑to‑end, broaden solutions, and drive innovation in the ETF ecosystem.
Benoit Sorel, Head of ETF & Indexing at Amundi, commented: “Aligned with Amundi strategic plan, we are committed to strengthen our position as Europe’s leading ETF issuer, launching new ETFs and continuing to expand our geographical footprint. Leveraging a scalable, efficient platform, we will deliver new solutions that support long-term financial planning, retirement and sustainability objectives."
Gilles Dauphiné, Head of Active & White Label ETF at Amundi, added: “Led by our client‑centric approach and our culture of innovation, we will pursue high‑potential themes such as active ETFs and ETF‑as‑a‑Service, strengthen client partnerships, deliver solutions for more use cases, and unlock new revenue opportunities."
[1] Source: Amundi & Amundi Strategic Plan “Invest for the Future”
[1] Source: Amundi Financial Results 2025
