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 and digital solutions.

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

• Plan to increase headcount by 30%, focusing on investment professionals to support growth and platform excellence.

Market-specific strategies and partnerships

• China: Dual JV/direct model with ABC-CA and Amundi BOC, targeting retail, institutional, and retirement segments, leveraging digital distribution and cross-border schemes.

• South Korea: Strong JV (NH-Amundi) and direct presence, focusing on ETF growth, alternatives, and retirement solutions.

• Japan: Over 50 years’ presence, leveraging global/local research, thematic funds, and partnerships with major banks and asset managers.

• Singapore: Regional hub with 21% annual asset growth, focus on digital wealth, retirement, and ESG leadership.

• Southeast Asia: Focus on organic growth and new joint ventures in Malaysia, Thailand, and Taiwan, emphasizing retail and ETF expansion.

Product innovation and digitalization

• Comprehensive offering across active, passive, ETF, alternatives, and model portfolios, supported by global/local investment teams.

• Technology platform (ALTO) delivers value-added services to clients across Asia.

• Digital and hybrid distribution channels account for about one-third of assets in Asia, with tailored approaches by market.

• Partnerships with digital leaders like Endowus and Ant International drive innovation in retirement and tokenized investment solutions.

• Product innovation and expanded solutions capabilities are central to the strategy.