AMUNDI LAUNCHES SEVEN NEW ETFS
Exchange-traded fund (ETF) provider Amundi has launched seven new fixed income ETFs on the Paris stock exchange, of which four are the first of their kind. One ETF will replicate the performance of the EuroMTS ex-AAA government index, which is composed of debt securities issued by the Eurozone states with a rating lower than AAA. There are also six ETFs tracking Markit iBoxx US Treasury bond indices – one to three years, three to seven years and seven to 10 years. Three short ETFs will give you a daily inverse performance to these three indices.
SOURCE ASSETS SOAR PAST $6BN
Source, the exchange-traded product provider, has seen its total assets under management soar past $6bn after just 14 months of existence. 86 per cent of the increase has come since January through flows into its emerging market ETFs and physical gold-backed fund. Source’s emerging market AUMs now total over $1.1bn, a similar amount to its Eurostoxx 50 ETF which has seen inflows of €575m since the beginning of June. Its gold-backed ETF now totals $451m. The company reports high liquidity among its products.
S&P 500 TRACKER ETF NOW IN EUROPE
With the S&P 500 licence now open to European ETF providers, EasyETF has launched a brand new ETF tracking the index listed on the NYSE Euronext in Paris. This enables European investors to directly target one of the US economy’s most important indices. The S&P 500 covers nearly three quarters of American equities and EasyETF’s Danièle Tohmé-Adet therefore sees it as “an ideal gateway to the US market” giving Europeans access to “the benchmark for the US equity market, as proven by the number of funds using it”.