Company news
Thursday November 28, 2024 – 09:15
| Par Michel Lemosof
Amundi, the leading European asset manager and European leader in ETFs, is launching two new products: Amundi MSCI USA Mega Cap UCITS and Amundi MSCI USA ex-Mega Cap UCITS.
Amundi (€2,200 billion in assets as of September 30, 2024) announces the launch of two new listed index funds, Amundi MSCI USA Mega Cap UCITS (more than $200 billion in capitalization), indexed on the MSCI USA Mega Cap Select Index, with a weighting of securities according to their market value, and Amundi MSCI USA ex-Mega Cap UCITS, which offers exposure to the MSCI index USA, excluding components of the MSCI USA Mega Cap Select Index.
These two complementary allocation tools, by direct replication, with management fees of 0.15%, enrich a range which includes more than 30 American equity ETFs. This allows us to meet the demand of investors who want to “refine” their exposure to the United States.
A strategic axis
“In a context where mega-market capitalizations,” underlines a spokesperson for the Crédit Agricole management subsidiary, “represent a significant portion of US equity indices, investors want tools to manage their allocation precisely. The two new ETFs now allow them to adjust their degree of exposure to large stocks. »
The ETF, Index and Smart Beta business line constitutes a “strategic” axis for Amundi. It represents €397 billion in cumulative assets.
The group’s 100 million customers benefit from the expertise and advice of 5,500 professionals in 35 countries.
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