Amundi S.A.

Amundi offers lifecycle ETFs that gradually reduce equity exposure toward a target year and use a FTSE Developed ESG Screened Select as the equity base. Academic analyses show that deterministic glide paths do not mathematically produce a higher expected terminal wealth than appropriately chosen constant-weight strategies and often cause higher volatility. Criticisms include the rigid rebalancing regardless of market conditions and the question of whether the prescribed glide path fits an individual’s life plan; for users with a clear end date, however, the convenience can still be attractive. » More on finanzen.net

Thomas Kruse, CIO of Amundi Germany, believes Europe is well positioned to catch up through industrial AI and productivity gains, even though large language models are dominated outside Europe. Amundi prefers corporate bonds to government bonds, is slightly overweight equities, and recommends a modest overweight for Europe with a focus on domestically oriented small- and mid-caps. The firm remains convinced about AI but cautious about concentration risks at hyperscalers and watches financing practices such as those used by Nvidia; emerging markets make up 5–10 percent of the portfolio. » More on handelsblatt.com

LAIQON is launching an ETF jointly with Amundi that uses AI-based active selection and weighting for European large- and mid-cap stocks. The product is intended to serve as the starting point for a family of actively managed ETFs and to provide LAIQON with additional distribution and scale effects. LAIQON expects the ETF business to deliver initial growth contributions as early as 2026 and sees consolidated revenue of €53–58 million and an EBITDA of €4.5–7.5 million as possible for 2026. » More on finanzen.net