Amundi adds new US corporate bonds exposure as assets in its low-cost Prime ETF range pass €500m
London – 24 September 2019 – Following the success of Amundi’s Prime ETF range, which launched back in mid-march, and already holds more that €500m in Assets Under Management, Amundi announces a new addition to the Prime range: the Amundi Prime US Corporates – Ucits ETF DR with an ongoing charge of 0.05%.
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, said: “Investors’ search for yield means Corporate bonds have been the most popular part of Europe’s ETF market this year. We already offered Euro Corporate bonds at 0.05%, but now our clients also demand ultra-low cost US credit exposure. That is why we decided to create a Prime US Corporates ETF, Europe’s lowest cost US Corporate bond ETF, to ensure we could better serve our investors.”
Amundi’s Prime ETF range aims to offer investors the lowest possible cost exposure to the key building blocks of a diversified portfolio. The 10 ETFs in Amundi’s Prime range cover both fixed income and equity markets from the world, Europe, USA, and Japan. They all have the same ongoing charge of 0.05%, use physical replication and track indices from Solactive, a well-established and cost-efficient index provider. Additionally, as with all Amundi ETFs, the Prime range excludes controversial weapon providers.
This new ETF was listed today on Xetra – the German stock exchange - and will soon be listed on LSE and Borsa Italiana.
^ Ongoing charges - annual, all taxes included. For Amundi ETF funds, the ongoing charges correspond to the Total Expense Ratio. The ongoing charges represent the charges taken from the fund over a year. When the fund has not closed its accounts for the first time, the ongoing charges are estimated. It compares the annual total management and operating costs (all taxes included) charged to a fund against the value of that fund's assets. Transaction cost and commissions may occur when trading ETFs.
Having been a pioneer of the European ETF market, Amundi ranks among the top four European ETF providers, with more than €47,5bn in assets under management. Amundi ETF offers investors a broad range of more than 130 ETFs characterized by continuous innovation and competitive prices.
Dedicated teams are located in major European countries and rely on a wide network of “Authorised Participants” (more than 65 market makers).
Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally. It manages 1,487 billion euros of assets across six main investment hubs. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.
Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
Amundi. Confidence must be earned.
Visit amundi.com for more information or to find an Amundi office near you.
7 Amundi figures as of June 30, 2019
^ Source IPE “Top 400 asset managers” published in June 2019 and based on AUM as of end December 2018
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