View articleDossier of the week
Caregivers : a glimmer of hope ?2019/11/06
- 3 min
Amundi ETF launches an innovative ETF trackingthe S&P 500 EUR Daily Hdg strategy index
Amundi ETF has launched an innovative product indexed on the S&P 500 EUR Daily Hdg strategy index, on NYSE Euronext in Paris. This product is designed for investors seeking to take positions on the US equity market while benefiting from daily currency hedging.
Unprecedented in Europe
This new ETF offer investors a solution in a context of volatile international markets and uncertainty in the euro/dollar exchange rate. Based on the S&P 500 EUR Daily Hdg strategy index, it combines exposure to the S&P 500 index with daily euro/dollar currency hedging and is offered with a TER of only 0.28%.
Daily currency hedging
Unlike other products on the European market which offer monthly currency hedging, this ETF benefits from hedging against currency risk which is managed and adjusted daily within the strategy index through the use of forward contracts expiring at the end of the current month.
This daily readjustment reduces the influence of exchange rate volatility through the optimisation of the currency hedge.
Valérie Baudson, Managing Director of Amundi ETF states, “This new ETF provides an innovative packaged solution for investors interested in the US market, who do not have the capacity or do not wish to manage euro/dollar currency risk themselves.”
Thierry Ancona, Head of Client Global Coverage, Executive Vice President, CA Cheuvreux, comments, “This innovation will satisfy a real need expressed by certain investors and is a concrete competitively priced solution for confronting high volatility on the currency markets.”
Amundi ETF products are available on the main European stock exchanges and are distributed by dedicated sales teams at Amundi and CA Cheuvreux.
Further information about Amundi ETF can be found on the amundietf.com website.
Investment in an ETF carries a substantial degree of risk. The price and value of investments can go down as well as up. Investors may not get back the original amount invested and may lose all of their investment. For further details regarding the risks, please refer to the key investor information document (“KIID”) and the prospectus for the relevant ETF, which available in English upon request or on amundietf.co.uk. Past performance is not a reliable indicator of future results. Returns may increase or decrease as a result of currency fluctuations.
1 At the time of the fund’s admission to trading on the NYSE Euronext in Paris
2 TER: Total Expense Ratio or ongoing charges - annual, all taxes included. For Amundi ETF funds, the ongoing charges 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. The TER is a measure that compares the annual total management and operating costs charged to a fund against the value of that fund's assets.