Amundi enters German market with 17 ETFs

Amundi has entered the German ETF market by listing 17 funds on the Deutsche Boerse, having boosted its range of products on Euronext Paris to 78.

The range includes six equity ETFs, which both the issuer and the exchange say are tradable on the XTF platform for the first time.

These include funds tracking the MSCI China H index, comprising 30 Chinese companies listed in Hong Kong, and the MSCI Germany index consisting of the 60 largest German stock corporations.

It includes the MSCI World ex EMU index, with 1,400 international companies outside the euro area and the MSCI World ex Europe, which consists of 1,200 international companies outside of Europe.

The firm has released two short funds, tracking the Short Dax 30 and the Short Dow Jones Euro Stoxx 50 indices, providing daily inverse exposure to the benchmarks.

Two ETFs in the range also track the Dow Jones Euro Stoxx 50, with one providing two times leveraged exposure to the index.

Six of the funds reflect the performance of MSCI indices, including MSCI Europe, EMU, Pacific ex Japan, USA, Japan and India.

Amundi has also unveiled a money market index fund tracking the performance of the EuroMTS Eonia index. The benchmark reflects the performance of the euro area's unsecured inter-bank loans.

These funds all use the synthetic replication method, where the performance of the benchmark is returned via a swap with the Crédit Agricole Group.

The firm says this latest offering will be followed by the listing of several other ranges in the coming months, largely bolstering Amundi's products on Xetra.