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New Amundi bond index ETF launched on Xetra

ETF tracks the performance of corporate bonds with a variable interest rate


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A new exchange-listed bond index fund issued by Amundi has been available in Deutsche Börse’s XTF segment since Tuesday. The ETF is tradable via Xetra and Börse Frankfurt.

Name: Amundi ETF Floating Rate USD Corporate UCITS ETF

Asset class: bond ETF

ISIN: FR0012647451

Total expense ratio: 0.18 percent

Distribution policy: accumulating

Benchmark: Markit iBoxx USD Liquid FRN Investment Grade Corporates 100

The Amundi ETF Floating Rate USD Corporate UCITS ETF gives investors access to the performance of corporate bonds denominated in US dollars which are issued by companies in industrialised countries and have a variable rate of interest. The reference index comprises a minimum of 40 and a maximum of 100 bonds, which are each weighted on the basis of their market capitalisation. The total weighting per issuer is limited to five percent.

 

Source: ETFWorld.co.uk

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