Xetra reports a new equity ETF from Amundi which offers broadly diversified exposure to companies from developed and emerging markets.
The Amundi Prime All Country World UCITS ETF tracks the performance of the Solactive GBS Global Markets Large & Mid Cap Index. The benchmark index is made up of large and mid-cap companies from developed and emerging markets, representing around 85 per cent of global market capitalisation.
Currently, over 3,469 companies from all major sectors such as information technology, financial services, healthcare, industrials, consumer goods, communications and energy are represented in the index, of which around 60 per cent are from the US, followed by Japan with 6 per cent and the UK with 3 per cent.
The firm writes that investors can flexibly trade the ETF in the currency of their choice such as the euro, US dollar or British pound using the same ISIN. The trading currency can be selected via an individually assigned exchange ticker.
