Amundi has rolled out Europe’s first ETF to track floating rate notes denominated in USD, with an aim to help investors protect their portfolios from interest rate changes.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The Amundi Floating Rate USD Corporate UCITS ETF will track an index between 40 and 100 USD-based developed country, corporate floating rate notes, with coupons changing in line with interest rates.
The index will rebalance each month, with note weight not exceeding 5%.
The fund, which will charge annual fees of 0.18%, has already listed in Paris. It is also set to cross-list on the London Stock Exchange soon.
Amundi global head of ETF Valerie Baudson remarked: "Our innovative floating rate notes range is of particular interest in today’s market for investors seeking a source of yield in a low rate environment and a hedge in the event of a rise in EUR and US short term rates."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
