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Amundi to licence Solactive Flagship Equity and Fixed Income Indices

Solactive announces that Amundi, appointed Solactive as their index provider for the launch of their new ETF range, labeled “Amundi Prime ETF”. …

Fannie Wurtz, Managing Director of Amundi ETF, Indexing and Smart Beta


The new series contains nine Equity and Fixed Income ETFs, all utilizing Solactive indices as their underlying, and captivates with a progressive low-fee approach featuring just 0.05 percent of ongoing charges, corroborating the seismic shift in the ETF industry towards offering low-cost alternatives.

Steffen Scheuble Solactive etf etfs“This has been a very huge project for us, and we feel honored to act as Amundi’s index provider of choice for this groundbreaking new range,” comments Steffen Scheuble, CEO of Solactive. “The development of the ETF series displays Amundi’s and Solactive’s kindred entrepreneurial spirit, always pushing boundaries to provide agile and disruptive products and services while adapting quickly to ever-evolving market conditions.”

The Equity range of Amundi’s Prime series includes four ETFs based on Solactive’s flagship pure-beta offering, the Solactive Global Benchmark Series (GBS). The GBS indices cover large and mid-cap stocks of various regional markets in particular Developed Markets, Europe, USA, and Japan. A fifth equity ETF tracks the Solactive Euro 50 index, which includes the 50 largest Eurozone companies weighted by free-float market capitalization.

In terms of fixed income exposure, Amundi Prime’s Global Developed, Euro Govies, and US Treasury Bond ETFs track three sub-indices derived from the Solactive Global Government Bond Index Series, the Fixed Income sibling of Solactive Global Benchmark Series.  A fourth Fixed Income Amundi Prime ETF tracks the performance of the Solactive Euro IG Corporate Index, allowing investors to gain exposure to investment grade Euro-denominated corporate bonds.

Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta comments: “Amundi’s ETF product development strategy has always been based on our constant dialogue with clients who are increasingly looking to include ETFs in their investment solutions. We are happy to partner with Solactive for this launch, and we are confident that Amundi Prime ETF will meet investors’ needs for cost-efficiency, simplicity, and transparency.”

The ETFs were listed on Xetra on March 12th, and on the London Stock Exchange (L.S.E) on March 13th.

ETF Name Listing codes Exposure Solactive Index
Equity
AMUNDI PRIME GLOBAL UCITS ETF DR PR1W GY PRIW LN Large & mid-cap Global equities Solactive GBS Developed Markets Large & Mid Cap USD Index NTR
AMUNDI PRIME EUROZONE UCITS ETF DR PR1Z GY

PRIZ LN

Largest Eurozone equities Solactive Euro 50 Index NTR
AMUNDI PRIME EUROPE UCITS ETF DR PR1E GY

PRIE LN

Large & mid-cap European equities Solactive GBS Developed Markets Europe Large & Mid Cap EUR Index NTR
AMUNDI PRIME USA UCITS ETF DR PR1U GY

PRIU LN

Large & mid-cap US equities Solactive GBS United States Large & Mid Cap Index NTR
AMUNDI PRIME JAPAN UCITS ETF DR PR1J GY

PRIJ LN

Large & mid-cap Japanese equities Solactive GBS Japan Large & Mid Cap Index NTR
Fixed Income
AMUNDI PRIME EURO CORPORATES UCITS ETF DR PR1C GY

PRIC LN

Euro IG Corporate bonds Solactive Euro IG Corporate Index
AMUNDI PRIME GLOBAL GOVIES UCITS ETF DR PR1G GY

PRIG LN

Global Developed govies Solactive Global Developed Government Bond TR EUR Index
AMUNDI PRIME EURO GOVIES UCITS ETF DR PR1R GY

PRIR LN

Eurozone govies Solactive Eurozone Government Bond Index TR
AMUNDI PRIME US TREASURY UCITS ETF DR PR1S GY

PRIT LN

US Treasury bonds Solactive US Treasury Bond Index

Source: ETFWorld

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