{"id":39122,"date":"2015-01-05T01:20:11","date_gmt":"2015-01-05T00:20:11","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/amundi-etf-continues-to-innovate-with-the-first-etf-in-europe1-exposed-to-floating-rate-notes\/"},"modified":"2015-01-05T01:20:11","modified_gmt":"2015-01-05T00:20:11","slug":"amundi-etf-continues-to-innovate-with-the-first-etf-in-europe1-exposed-to-floating-rate-notes","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/amundi-etf-continues-to-innovate-with-the-first-etf-in-europe1-exposed-to-floating-rate-notes\/","title":{"rendered":"Amundi ETF continues to innovate with the first ETF in Europe1 exposed to Floating Rate Notes"},"content":{"rendered":"<p><strong>AMUNDI ETF FLOATING RATE EURO CORPORATE 1-3 UCITS ETF<\/strong> has been listed by Amundi in September 2014 on Euronext Paris and has been registered with the Financial Conduct Authority on December 2nd 2014.<br \/>\nFurther cross registrations and listings are foreseen in the weeks to come in other European countries.<\/p>\n<p>This ETF is a unique product in Europe[[At launch date]], providing exposure to Floating Rate Notes: it tracks the performance of the <strong>Markit iBoxx EUR FRN IG 1-3 index<\/strong>[[For further information on the index methodology please refer to www.markit.com]](total return), i.e. coupons re-invested, as calculated and published by index provider Markit Indices Limited, as closely as possible, whether it is rising or falling. Bonds in the index are drawn from a universe of investment grade euro-denominated floating rate bonds issued by corporates, with a maturity of 1 to 3 years. <\/p>\n<blockquote><p>With interest rates at historic lows, this innovative product offers a solution for insulating portfolios from interest rate moves. With a coupon that changes in line with interest rates, Floating Rate Notes have a low degree of price sensitivity and a yield which is less negatively impacted by a rise in rates than fixed-rate bonds.<\/p><\/blockquote>\n<p>The <strong>AMUNDI ETF FLOATING RATE EURO CORPORATE 1-3 UCITS ETF<\/strong> is offered with a TER[[TER: Total Expense Ratio or maximum ongoing charges &#8211; 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 (all taxes included) charged to a fund against the value of that fund&#8217;s assets. The TER corresponds to the ongoing charges disclosed in the KIID.]] of only 0.18%.<\/p>\n<p>Val\u00e9rie Baudson, Global Head of ETF and Indexing at Amundi, commented: <em>\u201cWe are delighted to offer investors a unique exposure in Europe to the Floating Rate Notes universe. This new ETF offers a new allocation brick for European bonds and once again demonstrates our commitment to innovation, which is at the core of our competitively-priced product development.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMUNDI ETF FLOATING RATE EURO CORPORATE 1-3 UCITS ETF has been listed by Amundi in September 2014 on Euronext Paris and has been registered with the Financial Conduct Authority on December 2nd 2014.<br \/>\nFurther cross registrations and listings are foreseen in the weeks to come in other European countries.<\/p>\n","protected":false},"author":20,"featured_media":39120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1655,1718,1651,1437,1691,1686,2234,1952],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39122"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=39122"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/39120"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=39122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=39122"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=39122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}