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An unprecedented* ETF in Europe: Amundi ETF TOPIX Euro Daily Hedged
ISIN Code: FR0011314277
Daily currency hedging
This ETF benefits from hedging against currency risk, which is managed and adjusted daily within the TOPIX Total Return Euro Daily Hedged strategy index through the use of forward contracts expiring at the end of each current month.
This daily readjustment reduces the influence of exchange rate volatility through the optimisation of the currency hedge.
Valérie Baudson, Managing Director of Amundi ETF comments: “Following the success of our ETF launched in 2011 tracking the S&P 500 EUR Daily Hedged strategy index, we wanted to offer investors the same innovative currency hedging solution but this time on the TOPIX, the main Japanese equity market index”.
Amundi ETF’s positive momentum continued in 2012 with €1bn*** of net new assets raised in the year to-date. Its extensive range of more than 100 ETFs, including some highly innovative products, offers European investors a toolbox for their asset allocation needs. of future results. Returns may increase or decrease as a result of currency fluctuations.
*At the time of the fund’s admission to trading on the NYSE Euronext in Paris
**TER: Total Expense Ratio or ongoing charges – annual, all taxes included. For Amundi ETF funds, the ongoing charges correspond to the Total Expense Ratio. The ongoing charges represent the charges taken from the fund over a year. When the fund has not closed its accounts for the first time, the ongoing charges are estimated. The TER is a measure that compares the annual total management and operating costs (all taxes included) charged to a fund against the value of that fund’s assets.
***Source Deutsche Bank Industry Report – October 2012