Amundi S.A.

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. » Altro su 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. » Altro su finanzen.net

The Amundi MSCI World Swap II UCITS ETF Dist, with ongoing charges of 0.30%, is the most expensive option among the large MSCI World ETFs because it has existed since 2006 and replicates the index synthetically via swaps. Amundi now offers cheaper alternatives (Prime Global 0.05% and Core MSCI World 0.12%) with an almost identical composition. The fund holds €8.8bn, distributes annually and has a higher US weighting (72.4%) with top positions such as NVIDIA, Apple and Microsoft. In performance, the fund showed strong recovery years after the 2022 rate shock and is currently back in positive territory for 2026; it is mainly suitable for existing investors or those who prefer synthetic replication. » Altro su finanzen.net