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Amundi unveils the first European Equity Multi-Factor Market Neutral ETF

United Kingdom,

Amundi ETF continues to innovate with the launch of the first[1] European Equity Multi Factor Market Neutral ETF. Available on Euronext Paris, it will also be listed on the main European stock exchanges in the coming weeks.

This new UCITS European Equity Multi-Factor Market Neutral ETF means investors can now capture the long-term potential of factor risk premia without being exposed to the direction of European equity markets. 

The underlying index, the iSTOXX Europe Multi-Factor Market Neutral strategy index [2] is based on:

  • a “long” exposure into the iSTOXX Europe Multi Factor strategy index (Net Return), made of 6 factors (carry, low risk, momentum, size, value and quality[2])
  • a “short” position against the STOXX Europe 600 Futures Roll EUR Excess Return index to achieve the market neutral stance.  

Fannie Wurtz, Managing Director at Amundi ETF, Indexing & Smart Beta, said:  “In today’s low yield environment, investors are on the lookout for new ways to generate return and diversify their portfolios. We’re proud to be the first in Europe to offer a cost-efficient  all-in-one  European Equity Multi Factor Market Neutral UCITS ETF with 0.55% on-going charges[3].This new ETF shows our ongoing determination to give investors transparent and effective investment solutions.”

 


[1] At launch date

[2]For further information on the index methodology please refer to https://www.stoxx.com/indices, where more information on the factor definition is also available (Carry: level and sustainability of shareholders’ payout / Low risk: low volatility / Momentum: strong recent performance /  Size: low market capitalization / Value: stocks that trade for less than their intrinsic values / Quality: stocks with solid financial background)

[3]Ongoing charges - annual, all taxes included. For Amundi ETF funds, the ongoing charges, as disclosed in the KIID, correspond to the Total Expense Ratio. The ongoing charges represent the charges taken from the fund over a year. When the fund has not closed its accounts for the first time, the ongoing charges are estimated. Transaction cost and commissions may occur when trading ETFs. 

 

Further information about Amundi ETF can be found on the amundietf.com website.

This document is intended solely for journalists and media professionals. The information about the Amundi ETF funds is provided solely to enable journalists and media professionals to have an overview of these funds, and whatever use they make, which is exclusively for independent editorial, Amundi Asset Management assumes no responsibility.

 

Important information

This document is not intended for use by residents or citizens of the United States of America and “U.S. Persons” as defined by Regulation S of the Securities and Exchange Commission by virtue of the U.S. Securities Act of 1933. You can find the definition of “U.S. Person” in the legal notices of the website: www.amundi.com website and in the prospectus of the fund described in this document.

Promotional, non-contractual information not constituting investment advice or recommendation or solicitation to buy or sell.

Before subscribing, potential investors must consult the regulatory documentation of the Funds approved by the AMF, including the current Key Investor Information Document (KIID) available on the website www.amundi.com or upon request from the registered office of Amundi AM.

Investment in a Fund carries a substantial degree of risk (i.e. risks are detailed in the DICI and prospectus).

The transparency policy and information on the composition of Funds’ assets is available at amundietf.com. The indicative net asset value is published by stockbrokers. Information on the composition of indices is available on the websites of the index suppliers. Units in the Funds acquired on the secondary market may not, in general terms, be directly resold to the Fund.

Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a broker) and, in doing so, may incur costs. In addition, investors may pay more than the current net asset value when they buy units, and may receive less than the current net asset value when they sell them.

Transaction cost and commissions may occur  when trading ETFs.

It is the responsibility of investors to assure themselves as to the compatibility of this investment with the laws of the jurisdiction to which they are subject and of its appropriateness to their investment objectives and financial (including tax) situation.).

Information reputed exact as of November 2017.

Reproduction prohibited without the written consent of the Management Company.

Amundi ETF designates the ETF business of Amundi Asset Management.

This Document was not reviewed/stamped/approved by any Financial Authority;

Disclaimer UK : The Fund is an unregulated collective investment scheme for purposes of the UK Financial Services and Markets Act 2000 (“FSMA”) and, as such, its promotion by an authorised person in the UK is restricted by Section 238 of the FSMA and regulations made thereunder. Accordingly, information on this fund must not be provided to retail clients in the UK. This document is being issued inside the United Kingdom by Amundi which is authorised by the Autorité des marchés financiers and subject to limited regulation by the Financial Conduct Authority (“FCA”). Details about the extent of regulation by the FCA are available on request. This document is only directed at persons who are professional clients or eligible counterparties for the purposes of the FCA’s Conduct of Business Sourcebook. The investments described herein are only available to such persons and this document must not be relied or acted upon by any other persons. This document may not be distributed to any person other than the person to whom it is addressed without the express prior consent of Amundi.

Index disclaimer: The iSTOXX Europe Multi-Factor Market Neutral  index is the intellectual property (including registered trademarks) of STOXX Limited, Zurich, Switzerland and/or its licensors (“Licensors”), which is used under license. The securities based on the Index are in no way sponsored, endorsed, sold or promoted by STOXX and its Licensors and neither of the Licensors shall have any liability with respect thereto.

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10[1] globally. Having been a pioneer of the European ETF market, Amundi ranks among the top five European ETF providers[2], with more than €34.5bn in assets under management[3]. Amundi ETF offers investors a broad range of more than 100 ETFs characterised by:

  • quality
  • continuous innovation
  • competitive prices

Dedicated teams are located in eleven European countries and rely on a wide network of “Authorised Participants” (more than 65 market makers).

 

 

[1] Source IPE Top 400 Asset Managers published in June 2017 and based on AUM as of end December 2016.
[2] Source: Deutsche Bank ETF Monthly Europe, as of September 2017
[3] Source: Amundi ETF/Bloomberg 30 September 2017.

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About Amundi

About Amundi

Amundi, the leading European asset manager, ranking among the top 10 global players[1], offers its 100 million clients - retail, institutional and corporate - a complete range of savings and investment solutions in active and passive management, in traditional or real assets.

With its six international investment hubs[2], financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.

Amundi clients benefit from the expertise and advice of 4,800 employees in more than 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages more than €1.8 trillion of assets[3].

Amundi, a trusted partner, working every day in the interest of its clients and society

www.amundi.com    

 

Footnotes

 

  1. Source: IPE “Top 500 Asset Managers” published in June 2021, based on assets under management as at 31/12/2020
  2. Boston, Dublin, London, Milan, Paris and Tokyo
  3. Amundi data as of 30/09/2021

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