Amundi enters UK market with 16 ETFs

Amundi has launched its inaugural UK range of 16 ETFs on the London Stock Exchange, the first stage of a plan to list around 50 products in the next three months.

The 16 ETFs provide exposure to regional and country indices and are all synthetically replicated, using a swap to deliver the return of the respective index.

The ETF provider also said its products are 25% cheaper on average than its competitors, based on the total expense ratio of ETFs tracking the same benchmarks.

Valérie Baudson, managing director of Amundi ETF, said: "The UK is an extremely important and competitive market and we are confident we have a product range of interest to both institutional and retail investors in the UK, who can now enjoy the same advantages already experienced by other European investors.

"As one of the fastest growing ETF providers in Europe, we are sure that these transparent and liquid products will prove to have strong appeal."

Amundi ETF products are backed by Crédit Agricole and Société Générale, who own the ETF issuer 75% and 25% respectively.

The provider, which has $923.2bn in assets under management, began its European product launch in early 2010.

Amundi offers ETFs in France, Germany, Switzerland, Italy, the Netherlands, as well as the UK market. With the latest listing, the issuer has boosted its total number of its listings to well over 300.