Paris-based Amundi, the largest European asset manager, has admitted 11 new Exchange-Traded Funds (“ETFs”) to trading on the London Stock Exchange.
The newly-admitted ETFs will bring the total number of Amundi ETFs available on the LSE to 272.
The new products include one which offers exposures to both developed and emerging markets, making it, according to Amundi, the lowest-cost All-Country ETF available in Europe with ongoing charges of 0.07%. The ETF passed €2 billion in AUM within its first 12 months of launching.
Also now trading in London are two US equities ETFs, which allow investors to take a more granular approach to their US equity investing.
The Amundi MSCI USA Mega Cap UCITS ETF Acc has ongoing charges of 0.15%, while the the Amundi MSCI USA Ex Mega Cap UCITS ETF Acc is the only ETF with this exposure.
Eric Bramoullé, CEO Amundi UK, said: “The launch of these ETFs on the LSE underscores our commitment both to the UK market and to empowering investors with innovative and cost-effective choices that are suited to their needs.
“We are confident these products will help UK investors to pursue their long-term investment objectives with conviction.”
