ETF tracks the performance of corporate bonds with a variable interest rate…
Sign up for our weekly Newsletter and receive the latest ETF and ETC news. Click here to register for your free copy
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
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.