Amundi launches new US corporate bonds ETF

Following the success of Amundi’s Prime ETF range, launched in March and which has already attracted over EUR500 million in assets under management, Amundi has launched the Amundi Prime US Corporates – Ucits ETF DR, with an ongoing charge of 0.05 per cent.

The new ETF focuses on investment-grade US Corporate bonds, tracking one of Solactive’s flagship indices – the Solactive USD Investment Grade Corporate Bond Index. Like its nine Prime relatives, the new ETF has a low expense ratio of just five basis points.
Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, says: “Investors’ search for yield means corporate bonds have been the most popular part of Europe’s ETF market this year. We already offered Euro Corporate bonds at 0.05%, but now our clients also demand ultra-low cost US credit exposure. That is why we created a Prime US Corporates ETF, Europe’s lowest cost US Corporate bond ETF[3], to ensure we could better serve our investors.”
Amundi’s Prime ETF range aims to offer investors exposure to the key building blocks of a diversified portfolio at the lowest possible cost. The 10 ETFs in Amundi’s Prime range cover fixed income and equity markets in Europe, USA, Japan and the world. They all have the same ongoing charge of 0.05%, use physical replication and track indices from Solactive[4], a well-established and cost-efficient index provider. Additionally, as with all Amundi ETFs, the Prime range excludes controversial weapon providers.
Prime US Corporates – Ucits ETF DR has listed on Xetra – the German stock exchange – and will soon be listed on LSE and Borsa Italiana.