Innovation

Amundi unveils the first European Equity Multi-Factor Market Neutral ETF

15 November 2017
2 Min Read
Amundi ETF continues to innovate with the launch of the first[[At launch date]] European Equity Multi Factor Market Neutral ETF. Available on Euronext Paris, it will also be listed on the main European stock exchanges in the coming weeks.

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This new UCITS European Equity Multi-Factor Market Neutral ETF means investors can now capture
the long-term potential of factor risk premia without being exposed to the direction of European equity
markets.

The underlying index, the iSTOXX Europe Multi-Factor Market Neutral strategy index[[For further information on the index methodology please refer to https://www.stoxx.com/indices, where more information on the factor definition is
also available (Carry: level and sustainability of shareholders’ payout / Low risk: low volatility / Momentum: strong recent performance / Size: low
market capitalization / Value: stocks that trade for less than their intrinsic values / Quality: stocks with solid financial background)
]]
is based on:

  • a “long” exposure into the iSTOXX Europe Multi Factor strategy index (Net Return), made of 6
    factors (carry, low risk, momentum, size, value and quality[[For further information on the index methodology please refer to https://www.stoxx.com/indices, where more information on the factor definition is
    also available (Carry: level and sustainability of shareholders’ payout / Low risk: low volatility / Momentum: strong recent performance / Size: low
    market capitalization / Value: stocks that trade for less than their intrinsic values / Quality: stocks with solid financial background)]])
  • a “short” position against the STOXX Europe 600 Futures Roll EUR Excess Return index to achieve the market neutral stance.

Fannie Wurtz, Managing Director at Amundi ETF, Indexing & Smart Beta, said: “In today’s low yield environment, investors are on the lookout for new ways to generate return and diversify their portfolios. We’re proud to be the first in Europe to offer a cost-efficient all-in-one European Equity Multi Factor Market Neutral UCITS ETF with 0.55% on-going charges[[ Ongoing charges – annual, all taxes included. For Amundi ETF funds, the ongoing charges, as disclosed in the KIID, 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. Transaction cost and commissions may occur when trading ETFs.]].This new ETF shows our
ongoing determination to give investors transparent and effective investment solutions.”

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