Amundi ETF lists a new equity ETF on the Xetra market

Amundi ETF lists a new equity ETF on the Xetra market

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By ETFWorld.co.uk

Arnaud Llinas, Head of ETF, Indexing & Smart Beta Amundi

A new exchange-traded fund issued by Amundi Asset Management has been tradable on Xetra and via the trading venue Börse Frankfurt since Friday.

The Amundi MSCI Switzerland UCITS ETF gives investors the opportunity to track the performance of a portfolio consisting of the largest and highest-turnover companies on the Swiss equity market. The underlying index is currently composed of 43 companies such as Nestle, Roche Holding and Novartis, which together account for 85 per cent of the Swiss market capitalisation. The largest sectors include healthcare (35 per cent), consumer staples (24 per cent) and financial services (16 per cent). The base currency of the fund is the Swiss franc.

Source: ETFWorld