Europe’s largest asset manager Amundi saw its ETF assets under management (AUM) pass €50bn by the end of last year.

Amundi saw inflows of €8.8bn in 2019, the fourth highest across all ETF providers in Europe, behind BlackRock, UBS and Invesco.

Some €1bn of Amundi's overall flows went into its core range, which launched in March, while its seven equity and fixed income SRI low carbon ETFs saw net positive flows of €1.2bn last year.

The strong inflows come after Europe’s fifth largest ETF provider made a number of significant appointments last year highlighting Amundi's renewed focus on its ETF business.

The firm kicked-off the year by hiring Ashley Fagan from BlackRock as head of ETF, indexing and smart beta development for the UK and Ireland.

The French asset manager also raided Vanguard with Gregoire Blanc joining as head of ETF capital markets and Liz Wright, who joined as a senior ETF sales specialist in August, ETF Stream revealed.

Joining Wright in the sales team was her former WisdomTree colleague Pav Sharma, who was appointed senior ETF sales specialist in September, ETF Stream revealed.

Furthermore, the asset manager strengthened its presence in Switzerland, with the appointment of BlackRock’s Marco Strohmeier, and Germany, with Thomas Wiedenmann joining as ETF head of retail and wealth management along with Aysun Cifci and Drik Auersperg.

Fannie Wurtz (pictured), head of ETF, indexing and smart beta at Amundi, said: “In a highly dynamic market environment, these strong results demonstrate investors’ continued confidence in Amundi ETF and confirm our position as a leading ETF provider.

“We are committed in the long term to offer wide-ranging, cost competitive and innovative ETFs to our clients, be they institutional or distributors.”

Amundi currently has €55bn AUM across its European ETF range.