Amundi lists 11 ETFs in London

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Amundi has listed 11 exchange traded funds on the London Stock Exchange in a move that “reaffirms” the commitment of Europe’s largest listed asset manager to the UK market.

The listings bring the total number of Amundi ETFs in London up to 272.

The 11 Ireland-domiciled ETFs will be available to both retail and institutional investors.

They include the Amundi Prime All Country World Ucits ETF Dist, which the French fund giant said is the lowest-cost all-country ETF in Europe, with ongoing charges of just 0.07 per cent.

This article was previously published by Ignites Europe, a title owned by the FT Group.

The ETF has more than €2bn in assets under management.

Other Amundi ETFs that have been listed in London are the Amundi MSCI USA Mega Cap and Amundi MSCI USA Ex Mega Cap Ucits ETFs ACC.

The former is the cheapest ETF with this exposure, carrying ongoing charges of 0.15 per cent, while the latter is the only ETF with this exposure as of the end of January, according to Amundi.

Eric Bramoullé, chief executive of the asset manager’s UK arm, 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.”

Ashkan Daghestani, head of ETF and indexing sales for the UK and Ireland at Amundi, added that UK investors were “increasingly using ETFs as flexible and cost-efficient solutions in their portfolios, as both risk management and diversification tools”.

“They will now be able to access a range of both core exposures and innovative products to build robust and diversified portfolios.”

Amundi, the second-largest ETF provider in Europe, has more than €270bn in assets under management in its ETF business and total group assets of more than €2.2tn.

Ignites Europe reported earlier this month that the asset manager controlled by Crédit Agricole had launched a four-strong range of Lifecycle target-date ETFs for retail investors in Europe in a move that gave the company a “key advantage” over its mutual fund rivals.

*Ignites Europe is a news service published by FT Specialist for professionals working in the asset management industry. Trials and subscriptions are available at igniteseurope.com.