Industry Updates

Amundi merges emerging market Paris-Aligned ETF with Lyxor strategy

French asset manager continues overhaul of its ETF range

Theo Andrew


Amundi has merged the Lyxor emerging market ESG ETF with its emerging market Paris-Aligned Benchmark (PAB) ETF as it continues to overhaul its range.

In a shareholder notice, the French asset manager said the Lyxor MSCI EM ESG Leaders Extra UCITS ETF (LESG) will be absorbed by the Amundi MSCI Emerging Markets SRI Climate Net Zero Ambition PAB UCITS ETF (EMSRI) from 14 March.

It comes as Amundi merged several ETFs over the past couple of months after it complete the purchase of Lyxor in January 2022.

Following the merge, EMSRI will house over $1.7bn assets under management (AUM).

Earlier this month, Amundi expanded its climate transition benchmark (CTB) range with European small-cap and Pacific equity ETFs following a fresh round of merges.

The firm created the Amundi MSCI Europe Small Cap ESG Climate Net Zero Ambition CTB UCITS ETF and the Amundi MSCI Pacific ESG Climate Net Zero Ambition CTB UCITS ETF.

Amundi has previously said it wants investors to benefit from “greater levels of operational efficiency and economies of scale”.

According to its full-year results for 2022, Amundi has turned 27% of its ETF range into ESG ETFs, over halfway to its 40% target by 2025.

Valerie Baudson, CEO of Amundi, also said the asset manager is on the hunt for new deals after completing the integration of Lyxor in just nine months.

The firm’s passive arm recorded €13.8bn inflows in 2022 due to the “benefit from business synergies with Lyxor” and the setup of its Irish platform ICAV “to develop its global and US equity products”.

Amundi started domiciling new ETFs in Ireland last May in a bid to capitalise on Ireland’s tax treaties with other countries, particularly the US.

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