Amundi lists distributing share class of Euro Stoxx 50 ETF on Xetra

Oct 18th, 2017 | By | Category: Equities

Amundi has listed an income-distributing share class for its Amundi Euro Stoxx 50 UCITS ETF on Deutsche Börse’s Xetra and Frankfurt Exchanges. The new trading line complements the existing accumulating version currently listed on the Exchange.

Amundi lists distributing share class of Euro Stoxx 50 ETF on Xetra

Approximately €41.5bn in ETF assets track the Euro Stoxx 50 Index.

The fund tracks the Euro Stoxx 50 Index, which provides a blue-chip representation of supersector leaders in the eurozone. The index covers 50 stocks from 11 eurozone countries: Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.

The index is weighted by free-float market cap, and each component’s weight is capped at 10% of the index’s total free-float market cap.

As of the end of September, the index is dominated by exposure primarily to equities listed in France (36.4%) and Germany (33.2%), with the next largest country exposures being The Netherlands (10.2%), Spain (10.1%) and Italy (4.7%). The largest sector exposures are to financials (22.6%), industrials (15.0%), consumer discretionary (11.3%), consumer staples (10.7%) and health care (10.1%). The index is up 11.7% year-to-date.

The fund has a total expense ratio (TER) of 0.15%.

The Euro Stoxx 50 is the most followed gauge of the eurozone equity market and is widely used as a reference for passively managed funds focused on eurozone equities – total assets under management (AUM) for ETFs tracking the index were estimated to be approximately €41.5 billion as of the end of June 2017 (Source: Direxion).

The Amundi Euro Stoxx 50 UCITS ETF, which is also listed on Euronext Paris, Borsa Italiana, and SIX Swiss Exchange, has over €2.4 billion in AUM.

The largest ETF to track the eurozone blue-chip index is the iShares Euro Stoxx 50 UCITS ETF with over €9.2bn in AUM. Its TER is 0.16%. The joint-cheapest funds are the Source Euro Stoxx 50 UCITS ETF and the HSBC Euro Stoxx 50 UCITS ETF, each with a TER of just 0.05% and AUMs of €270 million and €120m, respectively.

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