Amundi has appointed Solactive as their index provider for the launch of their new ETF range, labeled "Amundi Prime ETF".
The new series contains nine Equity and Fixed Income ETFs, all utilising Solactive indices as their underlying, and captivates with a progressive low-fee approach featuring just 0.05% of ongoing charges, corroborating the seismic shift in the ETF industry towards offering low-cost alternatives.
Steffen Scheuble, CEO of Solactive said: "The development of the ETF series displays Amundi's and Solactive's kindred entrepreneurial spirit, always pushing boundaries to provide agile and disruptive products and services while adapting quickly to ever-evolving market conditions."
The Equity range of Amundi's Prime series includes four ETFs based on Solactive's flagship pure-beta offering, the Solactive Global Benchmark Series (GBS).
The GBS indices cover large and mid-cap stocks of various regional markets in particular Developed Markets, Europe, USA, and Japan. A fifth equity ETF tracks the Solactive Euro 50 index, which includes the 50 largest Eurozone companies weighted by free-float market capitalization.
In terms of fixed income exposure, Amundi Prime's Global Developed, Euro Govies, and US Treasury Bond ETFs track three sub-indices derived from the Solactive Global Government Bond Index Series, the Fixed Income sibling of Solactive Global Benchmark Series.
A fourth Fixed Income Amundi Prime ETF tracks the performance of the Solactive Euro IG Corporate Index, allowing investors to gain exposure to investment grade Euro-denominated corporate bonds.
The ETFs were listed on Xetra on 12 March 2019, and on the London Stock Exchange (LSE) on 13 March 2019.