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Amundi boosts ETF range in UK with further sector fund launches
by Emma Dunkley on Jul 25, 2012 at 11:33
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.