Amundi has expanded its ETF offering on the SIX Swiss exchange, with the launch of six short fixed-income funds.
The latest range provides daily inverse exposure to the Eurozone government bond market, allowing investors to take advantage of a potential rise in interest rates which results in a decline in bond prices.
The issuer says these funds benefit from a market background of low interest rates, while providing portfolio diversification, hedging, tactical allocation and arbitrage among other factors.
The six products track Short EuroMTS Eurozone Government Broad indices of all maturities ranging from one to 15 years.
Amundi has also listed these funds in Germany and France, where the funds raised €200m in the latter country in the few weeks following launch.
Amundi says it will continue to expand its product range on the Swiss exchange, in line with its European development plan, allowing Swiss investors to buy Amundi ETFs locally.
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