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Paris, April 12, 2010 - Amundi ETF, expertise of Amundi group - the asset management company of Crédit Agricole and Société Générale - today announces the registration of 46 Exchange Traded Funds (ETFs) in the Netherlands.
This registration is in line with the international development strategy of Amundi ETF which consists of launching cross-registrations and/or multi-listings processes throughout Europe.
The Amundi ETF range comprises 78 products which, with management fees 20% below the average in Europe*, are characterised by their highly competitive price structure.
European investors had access to the Amundi ETF range products on three major European stock exchanges: NYSE Euronext Paris, Deutsche Borse and Borsa Italia. As of now, Dutch investors have access through a local registration.
Valérie Baudson, Director of Amundi ETF comments: “Our entry into the Dutch market is definitely a key element in our expansion strategy. These newly-registered ETFs will give Dutch investors local access to a wide series of tools, supported by three key strengths which characterise the Amundi ETF range: competitive prices, high quality products and continuous innovation."
The Amundi ETF range is distributed throughout Europe by dedicated sales teams at both Amundi and CA Cheuvreux.
Thierry Ancona, Head of Sales Continental Europe at CA Cheuvreux, adds, “The Dutch market is one of the leading European markets by volume of ETF transactions. The registration of Amundi ETF products on this market establishes a fundamental step in the development of CA Cheuvreux's service to Dutch institutions.”
“The local registration of ETFs constitutes the first step of our ETF distribution activities in the Netherlands,” added Eric Van Eyken, General Manager at Amundi Benelux. “Thanks to its competiveness, innovation, transparency, and negotiability, our ETF range offers all of the characteristics required to meet the demands of the financial market players in the Netherlands.”
Among the 46 ETFs registered in the Netherlands, Dutch investors will have access to various asset classes, geographic areas and strategies:
- 16 regional & country equity ETFs, allowing investors to benefit from an exposure to the main geographic areas or emerging markets,
- 13 sector ETFs, offering exposure to the global world and European sectors,
- 7 equity ETFs based on strategy indices, including daily Short and Leveraged products,
- 1 money market ETF, with 100% exposure to the Euro money market rate,
- 9 fixed-income ETFs, including Euro government bonds with various maturities ranges, index-linked bonds and corporate bonds.
These products are managed by a synthetic replication method and benefit from the quality rating of the Crédit Agricole Group (Equity and Money Market ETFs) and Société Générale (Fixed Income ETFs).
Further information on Amundi ETF can be found on the amundietf.com website.
*Source Amundi Investment Solutions (01/04/2010).