Bringing you live news and features since 2006 

Japan flag

Amundi launches ETF tracking Topix Euro Daily Hedged strategy index


Amundi ETF has launched an exchange-traded fund designed for investors seeking to take positions on the Japanese equity market, while benefiting from daily currency hedging on NYSE Euronext in Paris.

The new ETF offers investors a solution in a context of volatile international markets and uncertainty over the euro/yen exchange rate.

Based on the Topix Euro Daily Hedged strategy index (Total Return), it combines exposure to Japanese equities with daily euro/yen currency hedging. The ETF has a TER of only 0.48 per cent.

The ETF benefits from hedging against currency risk, which is managed and adjusted daily within the Topix Total Return Euro Daily Hedged strategy index through the use of forward contracts expiring at the end of each 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: “Following the success of our ETF launched in 2011 tracking the S&P 500 EUR Daily Hedged strategy index, we wanted to offer investors the same innovative currency hedging solution but this time on the Topix, the main Japanese equity market index.”

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
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