Amundi has bolstered its presence in Germany with the launch of 21 ETFs, bringing its total number of products listed on the Deutsche Boerse to 38.
The issuer plans to further expand its product range on Xetra, the ETF trading platform of the Deutsche Boerse, over the following weeks.
The latest range includes 10 sector ETFs, tracking the main MSCI European sectors, comprising banks, consumer discretionary, consumer staples, health care, industrials, insurance, IT, materials, telecoms and utilities.
Two of the new funds are style-based, providing exposure to stocks with the highest dividend yields in Europe and the eurozone.
Amundi's latest offering also comprises nine fixed income ETFs, which the issuer says have competitive management fees compared to other similar products in the market.
Seven of these funds are based on eurozone government debt securities, with maturities ranging from three months to 15 years.
One of these ETFs is designed to provide a hedge to inflationary risk, and the other fund offers diversified exposure to 40 corporate bonds, selected according to their liquidity and credit rating, which must be above or equal to triple B minus (S&P).
The issuer's funds are managed through synthetic replication, using a swap with Crédit Agricole for the equity ETFs and Société Générale for the fixed income funds.
Amundi has also listed its other ETF ranges on NYSE Euronext Paris and Borsa Italiana.
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