Change of benchmark and name for 1 Amundi equity ETF


Amundi has decided to change the name and the benchmark  OF Amundi ETF MSCI Europe Telecom Services UCITS ETF from 3rd December 2018..

From 3rd December 2018 :

The benchmark « MSCI Europe Telecommunication Services » will be replaced by the new benchmark « MSCI Europe Communication Services ».

This change reflects the sectorial evolutions of the MSCI GICS (Global Industry Classification Standard) classification.

As a consequence, the ETF will be renamed Amundi ETF MSCI Europe Communication Services UCITS ETF.

Amundi  ETF MSCI Europe Communication Services  UCITS ETF seeks to replicate as closely as possible the performance of the MSCI Europe Communication Services Index in Euros, whether the trend is rising or falling.

This ETF enables investors to benefit from an exposure to around 20 European stocks in the telecommunication, media and entertainment services sectors, with a single transaction.

This change will not entail any other changes to the fund.

Source: ETFWorld

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