Amundi launches two bond ETFs on Xetra
Amundi has announced the launch of two new exchange-listed bond index funds on Xetra, Deutsche Börse’s electronic securities trading platform.
The Amundi Govt Bond Lowest Rated EuroMTS Investment Grade 1-3 UCITS ETF provides access to euro-area sovereign bonds with terms of one to three years. All bonds must have a double-digit rating below “AAA”, its benchmark is the EuroMTS Lowest Rated Investment Grade Government Capped 1-3 Index.
The Amundi ETF Floating Rate Euro Corporate 1-3 UCITS ETF tracks the performance of investment grade corporate bonds with a variable coupon and a one to three year term. Its benchmark is the EuroMTS Lowest Rated Investment Grade Government Capped 1-3 Index.
Both ETFs have an accumulating distributing policy and a total expense ratio fo 0.14% and 0.18% respectively.