Amundi’s ultra-low-cost ‘Prime’ ETF range surpasses €2bn asset milestone

Oct 8th, 2020 | By | Category: ETF and Index News

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Amundi has announced that its ultra-low-cost ‘Prime’ range of core ETFs has reached €2 billion in assets under management, just 18 months since the range was unveiled.

Amundi’s ultra-low cost ‘Prime’ ETF range surpasses €2bn asset milestone

Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta.

The range debuted in March 2019, consisting then of nine funds listed on Xetra and London Stock Exchange with across-the-board fees of just 0.05%.

The range has since been expanded to 12 funds, spanning a number of key core developed market exposures across equity and fixed income asset classes, with listings on Borsa Italiana also added.

The funds track indices designed and calculated by Solactive and incorporate controversial weapons screening.

Amundi said the range was proving popular across all client segments with strong demand from distributors, who are increasingly looking to provide ETF-based solutions to their clients. Further notable interest was coming from online wealth management platforms in major European markets.

Reflecting European ETF market trends over the past 18 months, fixed income exposures account for two-thirds of the range’s AUM. In today’s historically low-yield environment, matters concerning operational alpha, including keeping costs low, have become a major priority for fixed income investors searching for yield.

The largest funds in the range are the Amundi Prime Euro Corporates UCITS ETF (PRIC LN) and the Amundi Prime Euro Govies UCITS ETF (PRIR LN) with €893 million and €612m respectively.

Commenting on the milestone, Fannie Wurtz, Head of Amundi ETF, Indexing and Smart Beta, said: “We are delighted by the success of our Prime range and its contribution to our growth, particularly with retail investors in Europe.  Prime responds to investors’ need for cost-efficiency, simplicity and transparency by providing the core equity and fixed income building blocks at a clear and highly competitive price.”

The full range:

Amundi Prime Global UCITS ETF
Amundi Prime Eurozone UCITS ETF
Amundi Prime Europe UCITS ETF
Amundi Prime USA UCITS ETF
Amundi Prime Japan UCITS ETF
Amundi Prime UK Mid and Small Cap UCITS ETF

Amundi Prime Global Govies UCITS ETF
Amundi Prime Euro Govies UCITS ETF
Amundi Prime Euro Corporates UCITS ETF
Amundi Prime US Treasury UCITS ETF
Amundi Prime US Corporates UCITS ETF
Amundi Prime US Treasury Bond 0-1 Y UCITS ETF

Other providers to offer ultra-low-cost ETFs include iShares and Lyxor.

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