Posted on Jan 5, 2022, 8:31 amUpdated Jan 5, 2022, 8:55 AM
After six months of preparatory work, Amundi enters the hard work of integrating Lyxor. The leading European asset manager unveiled its new ambitions on Tuesday, a few days after the completion of the acquisition of the Société Générale subsidiary on December 31.
This 825 million euro transaction will increase Amundi’s outstandings by 140 billion euros, to nearly 2,000 billion euros (based on the figures at the end of September for the two entities). Above all, Lyxor enables the Crédit Agricole management subsidiary to move up from fifth to second among listed index funds (ETFs) in Europe, with a 14% market share in this fast-growing low-cost segment. The French group is also gaining a foothold in the management of liquid alternative funds, as opposed to traditional hedge funds less accessible to individual investors.