Amundi Investor Presentation
JVS
Favorable prospects for Asian JVs
€bn
JVS1: exceptional AuM growth in the last years
CAGR 2013-September 2020
+40%
249
234
HT
142
118
99
73
38
26
2013
T
2014
2015
2016
2017
2018
2019
9M20
An unmatched client base and a huge business potential
Positive market conditions for Asian JVs (China,
India, South Korea)
Middle class clients continuing to increase investment
into financial savings products
China: A transition year in 2019 due to regulatory
changes, and better prospects beyond
India: Development of digital distribution
Strategic priorities:
Continue to provide support to JVs to further penetrate
the fastest-growing Asian markets
Improve profitability
# ranking in
country
China
Agricultural Bank
# retail
customers
AuM at end
September 2020
Stake
450m
€74bn
33%
of China
Тор
India
SBI
337m
€136bn
37%
Nº1
Korea
NongHyup
Top 5
Contribution from Associates²
CAGR
2013-2019
+19%
25
28
25
33
33
50
46
46
16
17
29m
€35bn
30%
2013
2014
2015
2016 2017
2018 2019
1- Assets under management include assets under advisory and take into account 100% of assets managed by the Asian JVs (China, India, South Korea). For Wafa in Morocco,
assets under management are reported on a proportional consolidation basis. 2- Associates are mostly composed of Asian JVs
57 Amundi Investor presentation | November 2020
Amundi
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