Xtf: New Amundi ETF launched on Xetra

A new exchange-traded equity index fund issued by Amundi has been tradable in Deutsche Börse’s XTF segment since Wednesday.

ETF name: Amundi ETF S&P 500 EUR Hedged Daily
Asset class: equity index ETF
ISIN: FR0011133644
Total expense ratio: 0.28 percent
Distribution policy: distributing
Benchmark: S&P 500 EUR Daily Hedged Strategy Index

The Amundi ETF S&P 500 EUR Hedged Daily enables investors to participate in the performance of the S&P 500 Total Return Net Index with hedging against daily exchange rate fluctuations between the euro and the US dollar. The S&P 500 Total Return Net Index is weighted according to free float market capitalisation and in turn tracks the performance of the 500 largest US stock corporations.

The product offering in Xetra’s XTF segment currently comprises 969 exchange-traded index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around €12 billion, Deutsche Börse’s XTF segment is the leading trading venue for ETFs in Europe.