Amundi expands low cost prime ETF range with 10 accumulative share class
Following the launch as Europe's lowest cost core ETF range in March last year, the Amundi Prime ETF range has already surpassed €1bn AUM.
Driven by this strong client demand, Amundi has expanded the range with the addition of ten accumulative share classes, one for each existing exposure. The new share classes are offered at the same extremely low cost ongoing charges of 0.05%.
The Amundi Prime ETF range comprises five equity and five fixed income exposures that aim to provide investors with the key building-blocks of a diversified portfolio.
All the ETFs in the range use physical replication and track indices developed by Solactive. The ten accumulative share classes were listed on Xetra on 28 January 2020 and are registered in the main European countries.
Fannie Wurtz, head of Amundi ETF, Indexing and Smart Beta, said: "The success of Amundi Prime ETF range demonstrates its effectiveness in answering investors' need for low-cost, simple and transparent investment tools. As interest in ETFs among retail investors, distributors and online platforms continues to rise, we are committed to developing our product offering to match the diversity of investor demand."
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