Bringing you live news and features since 2006 

Amundi ETF launches ETF tracking the S&P 500 EUR Daily Hdg strategy index


Amundi ETF has launched an product indexed on the S&P 500 EUR Daily Hdg strategy index, on NYSE Euronext in Paris. This product is designed for investors seeking to take positions on the US equity market while benefiting from daily currency hedging.

This new ETF offer investors a solution in a context of volatile international markets and uncertainty in the euro/dollar exchange rate. Based on the S&P 500 EUR Daily Hdg strategy index, it combines exposure to the S&P 500 index with daily euro/dollar currency hedging and is offered with a TER2 of only 0.28%.
Unlike other products on the European market which offer monthly currency hedging, this ETF benefits from hedging against currency risk which is managed and adjusted daily within the strategy index through the use of forward contracts expiring at the end of the current month.

This daily readjustment reduces the influence of exchange rate volatility through the optimisation of the currency hedge.
Valérie Baudson, Managing Director of Amundi ETF, says: “This new ETF provides an innovative packaged solution for investors interested in the US market, who do not have the capacity or do not wish to manage euro/dollar currency risk themselves.”
Thierry Ancona, Head of Client Global Coverage, Executive Vice President, CA Cheuvreux, says: “This innovation will satisfy a real need expressed by certain investors and is a concrete competitively priced solution for confronting high volatility on the currency markets.”

Latest News

Solactive writes that in the face of market volatility, investors often turn to portfolio diversification as a key strategy. “One..
The Luxembourg House of Financial Technology (LHoFT), together with PwC Luxembourg and with the active support of the Association of..
Sustainability tech platform Clarity AI has announced that its sustainability capabilities are now supporting European white label platform, HANetf...
Chimera Capital LLC, an Abu-Dhabi-based investment management firm, has announced the launch of the Chimera S&P China HK Shariah Exchange..

Related Articles

Henry Timmons, RBA
Henry Timmons, director of ETFs and Michael Contopoulos, director of fixed income at Richard Bernstein Advisors are on a mission...
Kelsey Mowrey, Motley Fool Asset Management
Speaking with ETF Express in March, Brian Barish, a fund manager with Cambiar commented on the Vanguard solution which allows...
Phillippe Malaise, Trackinsight
Trackinsight has published its fourth global ETF survey, revealing that investors have an appetite for actively managed ETFs....
Joy Yang, MVIS
The passive versus active debate is a ‘thought experiment’ according to Joy Yang, Head of Index Product Management at MarketVector...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by