Amundi launches three ETFs on Xetra
Amundi has launched three new ETFs on Xetra and the Frankfurt Stock Exchange.
The firm writes that the Amundi Index S&P 500 UCITS ETF DR gives investors the opportunity to participate in the performance of the S&P 500 Index. The benchmark index comprises the 500 largest listed US companies. Ongoing charges on this ETF are 0.15 per cent.
The Amundi USA Equity Multi Smart Allocation Scientific Beta UCITS ETF enables investors to participate in the performance of large and medium-sized US equity companies, which are selected according to four criteria: valuation, size, momentum and volatility. Ongoing charges on this ETF are 0.33 per cent.
The Amundi MSCI USA Minimum Volatility Factor UCITS ETF includes exposure to large and medium-sized US equities with particularly low volatility. Ongoing charges on this ETF are 0.18 per cent.
All three funds have an accumulating distribution policy.