Amundi is launching an exchange-traded fund on NYSE Euronext Paris providing investors with exposure to the Scientific Beta Developed Multi-Beta Multi-Strategy ERC strategy index.
Amundi has an existing, complementary range of single “Smart Beta” strategies which can be used by investors as “allocation bricks” according to their market outlook: minimum volatility, mid cap, small cap, growth, value and high dividend.
The new ETF offers long-term investors a robust and transparent solution which, by combining different developed markets global equities strategies, allows them to go one step further.
The Edhec Risk Institute Scientific Beta Index aims to outperform the equivalent market capitalisation-weighted index by blending four main risk factors (value, size, low volatility and momentum) with five popular smart beta diversification strategies.
This new ETF is offered with a TER of 0.40 per cent and is available in EUR, GBP and USD share classes.
Valérie Baudson, global head of ETF and indexing at Amundi, says: “This first Multi Smart Beta ETF launch on Euronext again demonstrates our commitment to innovation at the core of our product development strategy. This also marks a major step in our ‘Smart Beta’ ETF and indexing solutions offering.”
