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© Reuters. The French Amundi wants to increase its portfolio in Asia by 25% until 2025
Shanghai (China), Jan 16 (.).- The French asset manager Amundi, the largest in Europe, intends to increase its portfolio in Asia by 25% by 2025, its CEO, Valérie Baudson, said today in an interview with the Hong Kong daily South China Morning Post.
The directive specified that, as of September 2022, his company managed some 400,000 million euros in assets in Asia, which represents 22% of its global portfolio and a growth of 34% from the 298,000 million it controlled at the end of 2020.
According to Baudson, Amundi is on track to achieve its goal of reaching $500 billion in assets in Asia – where they have operations in Hong Kong, mainland China, Taiwan, India, Japan, Malaysia, Thailand and Singapore – by 2025.
“We have a great commitment to Asia in general because we are strongly convinced that, according to the company’s strategy, this continent will be the one with the most important growth over the next decade,” said the executive after her first visit to Hong Kong in three years on the occasion of its participation in a financial forum organized by the local government.
Baudson referred specifically to China, which, according to his estimates, will grow 4.5% this year after the end of the ‘zero covid’, surpassing Europe or the United States, which could face a short recession and high inflation rates. due to the energy crisis.
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