Europe’s largest asset manager Amundi has seen its passive range of ETFs take in net new money of EUR 4.2 billion so far this year.

In terms of inflows, this ranks the firm third in the ETF provider ranks with 13 percent of assets gained in the European market.

In a highly competitive ETF market, Amundi is now Euope’s fourth largest ETF provider by assets under management, with EUR 47.5 billion in AUM.

The firm has also entered the price wars that many firms have engaged in, with its Prime range starting with an ongoing charge of just 5 basis points.

Amundi has also tapped into investors growing demand for socially responsible products with 6 SRI ETFs having a combined AUM of EUR 735 million.

The firm also reported the general European ETF stats for July, noting that there were EUR 14.6 billion of inflows into ETFs during the month. From a global level this number was EUR 48 billion.

For the European market, SRI products and those tracking US equities performed well, attracting over EUR 1 billion of inflows during the month.

For fixed income ETFs, investors were drawn to High Yield Eurozone Corporate debt which attracted inflows of EUR 1.4 billion.