Amundi to move into Asia's competitive ETF marketplace
The French asset manager will soon make its debut in Asia's ETF market, which its North Asia CEO acknowledges will be a challenge given rising numbers of providers in the popular passive sector.
Amundi is to move into the ETF market in Asia for the first time and is looking for a senior business development executive to spearhead sales.
Amid a regional rise of passive investment, the French asset manager said it is aware of the fierce competition for ETF sales in the region, which could ensure a rough ride for any new entrant to the market.
The firm also plans to penetrate China’s market by using the qualified domestic institutional investor (QDII) scheme and the upcomi…
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