Amundi (AMUN) Investor update summary

Strategic priorities and growth ambitions in Asia

• Asia is positioned as a major growth engine, targeting €150 billion in net inflows by 2028, representing half of the group’s global target.

• Assets under management in Asia reached €473 billion at end-2025, a fourfold increase since 2015, with strong retail and institutional momentum.

• The region benefits from rapid asset growth, rising retirement needs, and increasing demand for diversification, supported by demographic trends and digital adoption.

• A pan-Asian approach combines direct presence and joint ventures in major markets, leveraging local partnerships and global capabilities.

• Five key pillars drive the acceleration plan: wealth, institutions, joint ventures, retirement, and new market frontiers.

Market-specific strategies and partnerships

• China: Dual JV/direct presence model, with ABC-CA and Amundi BOC targeting mutual funds and wealth management, focusing on digital distribution and retirement solutions.

• South Korea: NH-Amundi JV manages €47 billion, with growth in ETFs, alternatives, and retirement solutions; direct presence targets insurers and institutional clients.

• Japan: Over 50 years of presence, €27 billion AUM, leveraging global/local investment teams and partnerships with major banks for thematic and retirement funds.

• Singapore: Regional hub with €18 billion AUM, rapid growth in digital wealth, institutional clients, and a focus on responsible investment and ETF expansion.

• Malaysia and Thailand: Local platforms with strong retail growth and partnerships with leading banks and insurers.

Product innovation, technology, and ESG

• Comprehensive investment solutions span active, passive, alternatives, and model portfolios, supported by the ALTO technology platform.

• Strategic partnerships with global players (e.g., ICG, First Eagle) enhance product offerings, especially in alternatives and U.S. strategies.

• ESG and responsible investment are increasingly important, with 50% of Asian RFPs including ESG criteria and dedicated local ESG teams.

• Technology and digitalization are key, with tailored digital distribution strategies and partnerships with digital platforms like Endowus.

• Local investment hubs in Asia manage over €50 billion, focusing on income, thematic, and retirement solutions.