Amundi extends German presence
Already ranked third in Europe for asset management, Amundi today increased its German presence by listing five further ETFs on Xetra.
Amundi now has 63 listed products on the German securities trading platform Xetra. The new ETFs include a tracking which gives investors access to the S&P 500 largest stocks in the US in euros. It boasts the lowest cost offering on the market, at a Total Expense Ratio of 0.15%.
Amundi’s new product range includes an innovative new offering. Designed to emulate the function of the EuroMTS ex-AAA Government Index, one of the latest ETFs allows investors exposure to debt securities issued by eurozone member states rated below AAA status.
Other new ETF trackings include access to the 100 non-financial stocks listed on the NASDAQ, the CAC 40 of the largest French stocks, and the EURO STOXX Small Cap Index listing of 100 small stocks on European markets.
Valérie Baudson, Managing Director of Amundi ETF, said the new ETFs provide investors with local access to a broader range of products, “which, in line with the rest of our product range, offer quality, innovation and competitive prices”.