Core Viewpoint - Amundi has announced its new strategic plan for 2025-2028, titled "Invest for the Future," which aims to enhance value creation, diversify client segments, and expand geographical reach while focusing on innovation and operational efficiency [2][6][11]. Strategic Priorities - The plan outlines six strategic priorities aimed at generating over €300 billion in net inflows by 2028, including a focus on retirement solutions and digital distribution [7][10]. - Amundi aims to generate more than €100 billion in net inflows from retirement solutions by capitalizing on the shift to defined-contribution plans and individualised solutions [7]. - The company plans to grow its digital client base by 50% by 2028, enhancing the investment propositions for digital players and traditional banks [7]. Financial Targets - Amundi targets earnings per share of more than €7 by 2028 under a constant market and forex scenario [9][10]. - The company aims to achieve an industry-leading cost-income ratio below 56% during the plan period [9][10]. - A commitment to a payout ratio of at least 65% for shareholders is established for the period 2025-2028 [11]. Geographical Expansion - The strategic plan includes capturing over €150 billion in net inflows from Asia by 2028, leveraging a strong regional presence and partnerships [10]. - Continued growth is expected in core European markets, with a focus on Northern Europe, including the UK, Germany, Benelux, and the Nordics [10]. Innovation and Technology - Amundi plans to drive innovation by investing in active, passive, and private assets, including launching 100 new ETFs by 2028 [10]. - The company aims to double its technology revenues by 2028, focusing on wealth management tech opportunities and enhancing its AI capabilities [10]. Operational Efficiency - The plan emphasizes optimizing the operating model to enhance efficiency, including the use of AI to support process optimization and resource reallocation to growth areas [10]. - Amundi intends to invest €800 million in organic growth initiatives across priority areas during the plan horizon [10].