Amundi launches ETF based on the Russell 2000 Net Total Return index
Amundi ETF has expanded its US equity fund range by listing an ETF on NYSE Euronext in Paris providing investors with exposure to the small cap segment of the US equity market.
This new ETF tracks the Russell 2000 Net Total Return index, a subset of the Russell 3000 index, which constitutes the smallest 10 per cent of stocks in the US market by market capitalisation.
The ETF offers well-diversified exposure (around 2,000 shares) to the US “domestic” economy with a TER of only 0.35 per cent, the lowest in the market, and is available in both EUR and USD share classes.
Valérie Baudson (pictured), global head of ETF and indexing at Amundi, says: “This new ETF is another example of our commitment to launch competitively-priced products and offers a new allocation brick for US equities.”
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