Amundi adopts FTSE EPRA/NAREIT Developed Europe index for ETF
Amundi is adopting the FTSE EPRA/NAREIT Developed Europe index for its Amundi ETF FTSE EPRA Europe Real Estate UCITS ETF.
The FTSE EPRA/NAREIT Developed Europe index is a subset of the FTSE EPRA /NAREIT Developed index and is designed to track the performance of listed real estate companies and REITs.
There are currently over 25 ETFs linked to the wider index series FTSE EPRA/NAREIT. Launched in 2005, the series has expanded from the original Developed index to include a range of indices covering developed and emerging markets, dividend+ and sector indices.
Sudir Raju, managing director at FTSE Group, says: “FTSE EPRA/NAREIT Index continues to be a leading benchmark for market participants wishing to harness the growing real estate sector. We are delighted that Amundi has adopted one of our key indices, as this move provides further evidence that FTSE Group continues to deliver on our aims of transparency, governance and customer satisfaction across all our products.”
Valérie Baudson (pictured), global head of ETF and indexing at Amundi, says: “By choosing to track the FTSE EPRA Europe Real Estate index, we are offering our clients a well geographically-diversified exposure that combines a wide scope of stocks with restrictive qualitative criteria. Additionally, we are delighted to enhance our European Equity range with this new product, offering once again a competitive pricing.”
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