Amundi cross-lists three equity and two fixed income ETFs in London

Jun 20th, 2017 | By | Category: ETF and Index News

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Amundi has cross-listed three equity and two fixed income ETFs on London Stock Exchange. The equity ETFs are the Amundi MSCI North America UCITS ETF (NRAM), the Amundi MSCI World UCITS ETF (MWRD) and Amundi FTSE EPRA NAREIT Global UCITS ETF (EPRA), while the fixed income ETFs are the Amundi Index JP Morgan GBI Global Govies UCITS ETF (GGOV) and Amundi Index Barclays Global AGG 500M UCITS ETF (GGAG).

Amundi cross-lists three equity and two fixed income ETFs in London

Amundi has cross-listed five ETFs in Europe giving exposure to North American and global equities as well as government and aggregate bond indices.

NRAM tracks the MSCI North America Index which gives investors exposure to around 700 large and mid-cap US (94%) and Canada (6%) equities. The largest components are Apple (3.3%), Alphabet (2.5%) and Microsoft (2.2%). The largest sector exposures are information technology (21.4%), financials (16.0%) and health care (13.6%). NRAM has €991 million in assets under management (AUM) with a total expense ratio (TER) of 0.15%. The ETF was launched in June 2016 and is also listed on Euronext Paris, Euronext Amsterdam and Borsa Italiana.

MWRD tracks the MSCI World Index and features large and mid-cap equities from 23 developed market countries. The index currently has 1,656 constituents with Apple (2.1%) being the largest. The index is weighted 59% towards the US, with Japan (8.7%) and the UK (6.6%) the other country exposures of note. The ETF has AUM of €606 million and a TER of 0.38%. MWRD was launched in June 2016 and is also listed on Euronext Paris and Deutsche Börse.

EPRA tracks the FTSE EPRA/NAREIT Developed Index which gives investors exposure to 335 of the largest real estate companies and REITs listed in developed countries worldwide. The geographical breakdown of the index is heavily weighted towards the US (53.9%), with Japan (10.5%), Hong Kong (7.8%) and Australia (5.8%) the only other countries with a weighting greater than 5%. The ETF has €163m in AUM with a TER of 0.24%. EPRA was launched in June 2016 and is also listed on Euronext Paris, Euronext Amsterdam and Borsa Italiana.

GGOV tracks the JP Morgan Government Bond Global Index which gives investors exposure to global sovereign fixed income. The majority of constituents are AAA rated (51.7%), with AA (16.5%), A (20.2%) and BBB (11.3%) making up the remaining weight. The US has the largest weight in the index with 40.7%, with Japan being the only other significant country exposure with 20.2%. The index has a modified duration of 7.8 years and a yield to maturity of 1.1%. GGOV has AUM of €642m with TER of 0.20%. The ETF was launched in June 2016 and is also listed on Euronext Paris, Euronext Amsterdam and Borsa Italiana.

GGAG tracks the Bloomberg Barclays Global Aggregate (500 Million) Index which gives exposure to global investment grade fixed income from both developed and emerging markets. The majority of constituents are AAA rated (34.6%), with AA (17.1%), A (28.2%) and BBB (18.3%) making up the remaining weight. The US has the largest country weight in the index with 35.3%, with Japan (17.8%) and France (8.4%) being the other significant country exposures. The index has a modified duration of 6.8 years and a yield to maturity of 1.5%. GGAG has AUM of €232m with TER of 0.20%. The ETF was launched in September 2016 and is also listed on Euronext Paris, Euronext Amsterdam and Borsa Italiana.

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