Amundi ETF has expanded its US equity fund range by listing an ETF on NYSE Euronext in Paris providing investors with exposure to the small cap segment of the US equity market……
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This new ETF tracks the Russell 2000 Net Total Return index1, a subset of the Russell 3000 index, which constitutes the smallest 10% of stocks in the US market by market capitalisation. This ETF offers well-diversified exposure (around 2000 shares) to the US “domestic” economy with a TER2 of only 0.35%, the lowest in the market, and is available in both EUR and USD share classes.
Against a background of growth in the world’s largest economy, the Amundi ETF range meets investors’ various expectations and preferences for investing in US equities with funds tailored by market capitalisation, sector and currency exposure (with or without hedging).
Valérie Baudson, Global Head of ETF and Indexing at Amundi commented: “This new ETF is another example of our commitment to launch competitively-priced products and offers a new allocation brick for US equities.”
Source: ETFWorld.co.uk
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