LCL adds 12 Amundi ETFs to life insurance contracts

French bank LCL is set to include 12 Amundi ETFs in its life insurance contracts amid the growing popularity of the wrapper in the region.

The nine equity and three bond ETFs will be included in the LCL Vie and LCL Acuity Evolution life insurance contracts from 4 June.

The ETFs are:

• Amundi S&P 500 II UCITS ETF (SP5)

• Amundi S&P 500 UCITS ETF – Daily Hedged EUR (500H)

• Amundi CAC 40 UCITS ETF (C40)

• Amundi Nasdaq-100 II UCITS ETF (NASL)

• Amundi MSCI World UCITS ETF (CW8)

• Amundi MSCI EM Asia UCITS ETF (AASI)

• Amundi MSCI Emerging Market UCITS ETF (AEEM)

• Amundi Index MSCI Europe UCITS ETF (CEU2)

• Amundi EURO STOXX 50 II UCITS ETF (MSE)

• Amundi Global Aggregate Green Bond UCITS ETF (XCO2)

• Amundi Index Euro Corporate SRI UCITS ETF (ECRP)

• Amundi Index Euro Agg SRI UCITS ETF (EGRI)

LCL is part of the Credit Agricole Group, which also owns Amundi.

It comes after a recent report found that ETFs now feature in half of all French life insurance contracts.

The report, by Quantalys Harvest Group and BNP Paribas Asset Management (BNPP AM), also found the number of ETFs in individual contracts also rose, with those holding 50 or more ETFs in a contract rising from 11% to 16%.

The trend is likely to be further accelerated by the recent approval of active ETFs listing on Euronext Paris.

The number of French retail investors using ETFs hit one million for first time in Q1 2024 and increased by a third year-on-year from 166,000 to 216,000, according to Authorite des Marches Financiers’ (AMF) latest Active Retail Investor dashboard.