View the article online at http://citywire.co.uk/money/article/a606783
Amundi boosts ETF range in UK with further sector fund launches
Amundi ETF has launched a range of global sector exchange traded funds (ETFs) on the London Stock Exchange, boosting its UK product offering to 43.
Amundi ETF has launched a range of global sector exchange traded funds (ETF) on the London Stock Exchange, boosting its UK product offering to 43.
The French firm has launched the Amundi ETF MSCI World Financials and MSCI World Energy funds, adding to its existing range of 11 European sector ETFs in the UK.
The launch of the financials ETF in particular comes at a time when counterparts on the actively managed side are unveiling funds to take advantage of beaten-up financial stocks.
The two ETFs have total expense ratios of 0.35%, versus an average of 0.45% for similar European ETF products, the firm said.
Tim Miller, senior relationship manager for Amundi ETFs UK and Ireland, said: ‘These two MSCI Global Sector funds enable UK investors to extend their sector exposure beyond Europe and so include exposure to major economies in both developed and emerging markets.’
Amundi entered the UK market for the first time in May 2011, with 16 ETFs focused on offering low-cost exposure.
News sponsored by:
After Boris announced he was backing Brexit, sterling suffered its biggest slump in six years. Our Market Mavens discuss. Follow the Market Mavens LinkedIn page for weekly videos, in which our panel of industry experts share their views on financial news
More about this:
Look up the shares
Tools from Citywire Money
From the Forums
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add firstname.lastname@example.org to your safe senders list so we don't get junked.