Amundi unveils 15 ETFs in Italy

Amundi ETF has unveiled 15 funds on the Borsa Italiana, 12 of which the issuer says are unprecedented.

The latest launch marks the third series of listings Amundi has made on the Borsa Italiana, boosting its number of products on the exchange to 45.

The range includes two equity funds providing European and global exposure and one emerging country ETF, offering access to the largest stocks in Brazil.

Two of the funds provide exposure to fixed income. One offers protection against the risk of inflation, while the other tracks around 40 corporate bonds selected according to liquidity and credit rating, which must be higher than or equal to triple B minus, according to Standard & Poor's.

Amundi has also launched six short fixed income ETFs, delivering the daily inverse performance of the eurozone government bond market, to take advantage of a possible rise in interest rates.

These six funds track Short EuroMTS Eurozone Government Broad indices, of all maturities ranging from one to 15 years. This product range was launched in France in mid-January and has garnered €200m.

Four of the latest fund range offer commodity exposure by replicating a basket of commodities.

These funds use synthetic replication, by utilising a swap with Crédit Agricole for the equity and commodity ETFs, and Société Générale for the fixed income funds.