Deutsche Börse Cash Market: New Amundi Bond Index ETF On Floating Rate Corporate Bonds Launched On Xetra - ETF Hedged Against Exchange Rate Fluctuations

A new exchange-listed bond index ETF issued by Amundi has been tradable on Xetra and Börse Frankfurt since Tuesday.

Name: Amundi ETF Floating Rate USD Corporate UCITS ETF - Hedged EUR
Asset class: bond ETF
ISIN: FR0013141462
Total expense ratio: 0.20 percent
Distribution policy: accumulating
Benchmark: Markit iBoxx USD Liquid FRN Investment Grade Corporates 100 (EUR Hedged)

The Amundi ETF Floating Rate USD Corporate UCITS ETF – Hedged EUR gives investors access to the performance of corporate bonds denominated in US dollars issued by companies in industrialised countries and have a variable rate of interest. The reference index comprises a minimum of 40 and a maximum of 100 bonds with an investment-grade rating, that are each weighted on the basis of their market capitalisation. The total weighting per issuer is limited to five percent. The currency risk from US dollars to euros is hedged.

The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,143 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.