Amundi

What Amundi does

Amundi is Europe's largest asset manager, headquartered in Paris and publicly listed on Euronext Paris (ticker: AMUN) under the controlling ownership of Crédit Agricole. The firm manages €2.4 trillion in assets under management (as of 31 March 2026), operates across 34 countries with approximately 5,400 professionals, and is ranked among the global top-10 asset managers. It distributes investment products through three primary channels: 600+ savings and wealth management partners serving 200+ million retail clients, dedicated institutional sales teams serving sovereign wealth funds, pension funds, and corporates, and 12 Asia offices supported by 4 joint ventures in China, India, and South Korea.

Amundi's product platform spans active and passive strategies across equities, fixed income, multi-asset, and alternative investments, with sub-brands including Amundi Index Solutions (UCITS ETFs), Amundi Investment Institute (research), and Amundi Responsible Investment (ESG). The firm's most notable technology build is blockchain-based tokenization infrastructure for money market funds, including tokenized share classes of the Short-Term Money Market Fund developed with CACEIS and Ant International (June 2026), and Europe's largest tokenized money market fund (SAFO) launched on Solana via Spiko (July 2026), settling in Circle's USDC and using Chainlink for on-chain NAV. The firm also manages the €3 billion Global Green Bond Initiative Fund (April 2026 mandate) and operates the largest responsible investment offer in Europe.

The business model is built on recurring asset management fees charged on AUM across active and passive products, ETF expense ratios, institutional mandates, and specialized products (tokenized funds, private assets, ESG). Recent financial performance is strong: Q1 2026 net inflows of €32 billion were the highest in over four years, adjusted pretax profit grew 13% YoY to €510M, and adjusted net income grew 15% YoY to €349M. Distribution is sales-led and partnership-driven, with no direct-to-consumer channel.

Name

Amundi

Legal name

Amundi SA

Website

https://amundi.com

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Amundi is Europe's largest asset manager, publicly listed on Euronext Paris under Crédit Agricole ownership, managing €2.4 trillion in AUM for 200+ million retail and institutional clients across 34 countries through active, passive, and tokenized investment solutions.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (525910), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

Keywords

• Asset management
• Investment management
• Exchange traded funds
• Responsible investing
• Wealth management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: Amundi generates revenue primarily through management fees charged on its €2.4 trillion AUM portfolio, encompassing active and passive management across equities, fixed income, multi-asset, and alternative strategies for retail, wealth, and institutional clients.
2. ETF and Index Product Fees: Growing revenue from exchange-traded funds and index-tracking products, with European ETFs attracting €36.4 billion in net new money in May 2026 and Amundi among top ETF sellers with €162 million in net sales. ETF inflows were a key driver of Q1 2026's record €32 billion quarterly inflows.
3. Institutional Client Management: Revenue from managing assets for large institutional clients including sovereign wealth funds, pension funds, insurance companies, and corporate treasuries, including the Ant International tokenized fund partnership and Spiko's tokenized fund distribution.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

Core offering

Amundi is a European asset manager providing active and passive investment management across equities, fixed income, multi-asset, and alternative strategies. It serves retail, wealth, and institutional clients through mutual funds, UCITS ETFs, money market funds (including tokenized blockchain variants), ESG and green bond strategies, and institutional/advisory mandates, distributing products via banking networks, wealth managers, dedicated institutional sales teams, fintech platforms, and joint ventures across 34 countries with €2.4 trillion in AUM.

Product overview

Amundi is Europe's largest asset manager offering a comprehensive range of savings and investment solutions across multiple product types. The product portfolio includes UCITS exchange-traded funds (tracking indices such as MSCI USA, MSCI World, FTSE 100, Euro STOXX 50, Nasdaq-100, and various regional/country indices), actively managed ETFs, money market funds (including tokenized versions), green and sustainable bond strategies, and institutional/advisory services. The offering is structured as a platform of distinct product lines rather than a single unified platform, with products differentiated by asset class (equity, fixed income, multi-asset), investment approach (active, passive, ESG-focused), and wrapper type (ETF, mutual fund, institutional fund).

Differentiator

Problem solved

Functional benefit

Brands

• Amundi Investment Institute: Amundi's research and investment insights division providing macroeconomic analysis, market outlook, and investment strategy publications.
• Amundi Index Solutions
• Amundi Responsible Investment
• Amundi Money Market Fund – Short Term (SAFO)
• Spiko Amundi Overnight Swap Fund (SAFO)
• Amundi Organizational Divisions
• Amundi Target Income ETF Range

Products and services

• Amundi UCITS ETF Range UCITS-compliant exchange-traded fund range covering passive index-tracking (MSCI USA Screened, FTSE 100, MSCI Millennials, MSCI Europe SRI Climate Paris Aligned), active ETFs (EUR Ultra Short-Term Bond Active ETF and additional active bond ETFs), and target income ETFs (Euro STOXX 50 and Nasdaq-100 Target Income UCITS ETF Dist), listed on European exchanges including Euronext Paris and London Stock Exchange. Targets European ETF investors and intermediary wealth platforms, with European ETFs attracting EUR 36.4 billion in net new money in May 2026 alone.
• Amundi Money Market Fund – Short Term Short-term money market fund providing liquidity management with a focus on responsible investment, eligible for institutional cash management. Underpins tokenized variants described below.
• Amundi Tokenized Money Market Fund (Ant International Collaboration) Tokenized share classes of the Amundi Money Market Fund – Short Term in EUR and USD, developed specifically for Ant International's intra-group liquidity management with CACEIS as transfer agent and tokenization agent, enabling 24/7 real-time on-chain treasury operations; explored for listing on Ant International's Whale blockchain treasury platform and additional markets/currencies.
• Spiko Amundi Overnight Swap Fund (SAFO) Tokenized money market fund operated by Amundi and distributed via Spiko on the Solana blockchain, using Chainlink on-chain NAV infrastructure and Circle USDC for settlement, processing approximately 500 daily deposit and redemption operations across 10,000 active users; Europe's largest tokenized money market fund.
• Amundi Impact Green Bond Strategy Impact Green Bond strategy focusing on the environmental impact of green bonds and strengthening engagement between bondholders and issuers, supported by a dedicated five-member green and social bond analysis team; awards-recognized sustainable fixed income offering within Amundi's responsible investment platform.
• Global Green Bond Initiative (GGBI) Fund Public-private blended finance investment vehicle managed by Amundi, designed to mobilize private capital for climate and environmental projects in emerging markets with backing from the EU and multilateral development banks (EIB, EBRD, FMO, Green Climate Fund); €3 billion in target AUM with €1 billion in equity from public development finance institutions and up to €2 billion targeted from private investors.

Quantifiable outcome

• €32 billion in quarterly net inflows (Q1 2026) — biggest in over four years, driven by ETF and index product demand
• +6 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core, flagship and minor.

• SpikocoreChannel Partner/ Reseller/ Distributor · 2 July 2026Spiko, a French-regulated fintech, launched the SAFO (Spiko Amundi Overnight Swap Fund) tokenized money market fund on the Solana blockchain, becoming Europe's largest tokenized money market fund and the first European real-world asset issuer on Solana. The fund uses Chainlink for on-chain NAV infrastructure and Circle's USDC for settlements, processing 500 daily operations across 10,000 users.
• Ant InternationalcoreStrategic or Co-development Partner · 17 June 2026Amundi, CACEIS, and Ant International successfully launched tokenized share classes of the Amundi Money Market Fund – Short Term in EUR and USD denominations, developed specifically for Ant International's intra-group liquidity management needs. CACEIS serves as transfer agent and tokenization agent. The three parties are exploring listing the fund on Ant International's Whale blockchain treasury platform and expanding to new markets and currencies.
• SpareBank 1 (Norway)coreChannel Partner/ Reseller/ Distributor · 18 May 2026Amundi entered a long-term digital savings partnership with Norway's SpareBank 1, supplying investment products and digital tools integrated into SpareBank 1's online channels to give Norwegian savers access to diversified portfolios, expanding Amundi's European retail footprint into the Nordic market.
• Asian Infrastructure Investment Bank (AIIB)flagshipStrategic or Co-development Partner · 27 April 2026AIIB partnered with Amundi for a $500 million managed climate bond portfolio covering 50+ issuers across 28 member countries, as part of AIIB's broader $650 million climate finance initiative including investments in the Actis Asia Climate Transition Fund and Vietnam's first blue bond.
• European Investment Bank / EU ConsortiumflagshipStrategic or Co-development Partner · 27 April 2026Amundi was appointed to manage the €3 billion Global Green Bond Initiative (GGBI) Fund, a public-private blended finance vehicle launched by the EU and multilateral development banks (EIB, EBRD, FMO, Green Climate Fund) targeting climate and environmental projects in emerging markets. The fund includes €1 billion in equity from public DFIs and aims to mobilize up to €2 billion from private investors.
• Victory CapitalminorGTM or Marketing PartnerVictory Capital's acquisition of Amundi US (Pioneer Investments) created a global distribution relationship where Amundi's international distribution capabilities complement Victory Capital's US platform. Victory Capital identified 'Amundi global distribution' as one of five key growth engines in Q1 2026, with the stock rising 37% year-to-date.
• Credit Agricole GroupflagshipOthersCredit Agricole is Amundi's parent company and primary shareholder. Amundi is a credit institution approved by ACPR and operates within the Credit Agricole group's regulatory framework. The group's €1.8 trillion in assets inform Amundi's institutional reach, including the CACEIS asset servicing subsidiary which partnered on the tokenized fund launch.
• State Bank of India (SBI)flagshipOthersSBI and Amundi hold a joint venture in India — SBI Funds Management, India's largest asset manager with ~15.5% market share and ₹12.5 lakh crore AUM (~US$131 billion). Amundi holds 36.26% of SBIFML. The JV is preparing a US$1.2 billion IPO (expected July 2026) with ADIA and GIC as anchor investors, representing a pure offer-for-sale with SBI and Amundi collectively selling approximately 10% of their stake.

Scale indicators18 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• BlackRock: World's largest asset manager with ~$11T AUM, the global benchmark for ETF (iShares), institutional, and increasingly tokenized fund offerings. Directly comparable to Amundi across active, passive, multi-asset, and alternatives — and the firm Amundi most competes with in European institutional mandates.
• Vanguard: Global leader in low-cost passive investing with ~$9T AUM. Comparable to Amundi's passive/ETF franchise and increasingly a competitor in European retail intermediation as Vanguard expands its European fund range and direct-to-consumer platform.
• UBS Asset Management: European-headquartered asset manager (~€1.2T AUM) with strong Swiss and cross-border European distribution, institutional client base, and growing sustainability/ESG offerings. Closely comparable in geographic mix, client segmentation, and the integration with a major banking parent.
• DWS Group: Deutsche Bank subsidiary and one of Europe's largest asset managers (~€900B+ AUM) with a strong passive/ETF franchise (Xtrackers), institutional and retail coverage across Europe. Direct competitor in European ETF flows and institutional mandates.
• Schroders: UK-listed asset manager (~£750B AUM) with comparable active management emphasis, growing passive/ETF capabilities, and a strong sustainability/ESG product line. Direct competitor for European institutional and wealth management mandates.
• State Street Global Advisors: One of the world's largest asset managers (~$4T AUM) and the world's largest ETF issuer (SPDR). Comparable to Amundi in institutional asset management, ETF scale, and ESG product development, with strong overlap in pension and sovereign client segments.
• Allianz Global Investors: European asset manager (~€500B+ AUM) under Allianz Group with strong fixed income and multi-asset capabilities, comparable in European distribution and ESG focus. Direct competitor in retail and institutional European channels.

Broad incumbents

• Goldman Sachs Asset Management: Global asset management division of Goldman Sachs (~$3T AUM) with broad active, alternatives, and ETF capabilities. Comparable to Amundi across institutional and alternatives segments, but embedded within a much larger universal banking franchise.
• J.P. Morgan Asset Management: One of the world's largest asset managers (~$3.5T AUM) with full-spectrum active, passive, alternatives, and ETF capabilities. Comparable in client breadth and product breadth, with a strong global institutional franchise overlapping Amundi's largest clients.
• PIMCO: One of the world's largest fixed income and multi-asset asset managers (~$2T AUM), now part of Allianz Group. Comparable to Amundi in active fixed income expertise, institutional mandates, and growing ETF presence; broader in alternatives.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/amundi-
• Xx.com/Amundi_ENG
• Facebookfacebook.com/AmundiOfficial

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments7 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amundi