Amundi ETF has launched a multi smart beta ETF offering exposure to European equities.
The ETF tracks the Scientific Beta Extended Developed Europe Multi-Beta Multi-Strategy ERC strategy index as closely as possible, whether the trend is increasing or decreasing, and will soon be listed on Euronext.
It is to be cross-listed on the main European stock exchanges in the coming months.
The Scientific Beta Extended Developed Europe Multi-Beta Multi-Strategy ERC strategy index, made by EDHEC-Risk Institute Scientific Beta, represents mid and large cap stocks on developed European equity markets.
It consists of four universes based on the following risk factors: value, size, momentum and volatility, which use five weighting schemes.
An “equal risk contribution” weighting of the four factor portfolios is applied.
TER of the ETF is 0.40%.