Amundi is planning to roll out 20 new exchange-traded funds (ETFs) in 2011, Reuters reports. The launches will be mainly in the area of equity and fixed income indices, said Amundi’s head of ETF product development, Matthieu Guignard. The move will help Europe’s seventh largest ETF provider in reaching the top fifth position by 2012 and expanding its share of market worth $1.37 trillion globally. At present, the company offers 96 ETFs, which are index funds listed on exchanges that can be traded just like regular stocks.

Click here for the story from Reuters.