New on Xetra: fixed-income ETF from Amundi with access to currency-hedged USD corporate bonds from issuers from developed markets
New on Xetra: fixed-income ETF from Amundi with access to currency-hedged USD corporate bonds from issuers from developed markets
Since Tuesday, a new exchange-traded fund issued by Amundi Asset Management has been tradable on Xetra and Börse Frankfurt.
The Amundi USD Corporate Rate Bond UCITS ETF provides access to the bond market for investment grade fixed income corporate bonds denominated in US dollars issued by US and non-US industrial, utilities and financial companies.
The benchmark index is the Bloomberg US Corporate Liquid Issuer Index, which contains the more liquid corporate bonds of the parent index, provides for a maximum weight of an issuer of 3 per cent and only includes issuers from developed countries. In addition, the bonds must have a remaining maturity of at least three years.
It is an accumulating asset class that minimises currency fluctuations against the euro.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
Amundi USD Corporate Rate Bond UCITS ETF EUR Hedged Acc | Fixed Income ETF | 0.09 per cent | accumulating | Bloomberg US Corporate Liquid Issuer Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,389 ETFs. With this selection and an average monthly trading volume of around €18 billion, Xetra is the leading trading venue for ETFs in Europe.