Amundi steps up efforts to compete with BlackRock’s ETF empire
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Amundi has launched a 10-strong range of exchange traded funds in Ireland in a sign of the company’s ambitions to grow its business and compete with market leader iShares.
The French asset manager has previously focused on building its Luxembourg product range, including moving over €30bn of its ETF assets from France to the Grand Duchy in 2018.
The range also includes the Amundi S&P Global Energy Carbon Reduced Ucits ETF, which tracks S&P’s Developed Ex-Korea Large Mid Cap Energy Index, but additionally selects and weights stocks to “collectively enhance sustainability and ESG profiles, meet environmental targets and reduce the carbon footprint at the index level”.
This story originally appeared on: Financial Times - Author:Ed Moisson
