Amundi launches new share classes on Japanese Topix ETF
Amundi strengthens its Japanese equity range by adding four new share classes on the ETF tracking the Topix index.
Two of them will be unhedged, one in euros and one in yens. The remaining two will be daily hedged share classes in dollar/yen and pound/yen.
The Topix index is a free-float adjusted market capitalisation-weighted index including companies listed on the TSE First Section.
Amundi first introduced daily-hedged ETFs in Europe in 2011 and euro/yen daily hedged exposure to the Topix index in 2012.
Amundi’s ETF Japanese equity range manages over €1.6bn.