Amundi is targeting 150 billion euros (US$170.3 billion) of net inflows from Asia by 2028 as Europe’s largest asset manager seeks to accelerate growth in what it describes as its “second home market”.
The target, which was outlined at its Asia Workshop in London on June 25, represents half of Amundi’s wider 300 billion euro net inflow goal under its 2025-2028 strategic plan.
Amundi had 473 billion euros of assets under management in Asia at the end of 2025, four times more than in 2015. It generated 84 billion euros of regional net inflows between 2022 and 2025.
According to Eddy Wong, Amundi’s chief executive officer for Asia, the region is supported by strong retail and institutional growth.
“What is truly distinctive is the potential size of the market and the pace of growth,” he said, noting that Asian retail assets are expected to more than double from $11 trillion in 2020 to $23 trillion by 2028.
He said institutional growth is being driven by larger public asset pools, expanding pension schemes, greater allocations from sovereign funds and central banks, and new sovereign investment vehicles.
Katsumi Fujikawa, Amundi’s chief executive officer for Japan, said retirement solutions are a major opportunity in Asia.
“Asia is ageing very fast,” he said, adding that the region faces an estimated $160 trillion retirement savings gap by 2050.
Amundi’s Asian platform includes 12 offices, investment teams across nine Asian markets and more than 420 staff. It combines direct operations in Hong Kong, Shanghai, Singapore and Tokyo with joint ventures in India, China and South Korea.
The company’s strategy will focus on wealth partnerships, broader institutional coverage, joint venture leadership, retirement solutions and growth opportunities in Southeast Asia.
It aims to increase Asian wealth and institutional clients by 50% by 2028, and expand its regional headcount by 30%.
