Amundi launches European multi-factor market-neutral ETF

OCF of 0.55%

Amundi ETF has launched the European Equity Multi-Factor Market Neutral ETF, listed on the Euronext Paris.

UCITS-compliant, the ETF will aim to provide exposure to a variety of factors without exposing itself to the direction of European equity markets. With an ongoing charges figure (OCF) of 0.55%, it will track the iSTOXX Europe Multi-Factor Market Neutral Strategy index, which combines long and short positions. Amundi doubles stake in TOBAM to 20% The fund has a long exposure into the iSTOXX Europe Multi Factor strategy index, which combines six factors; carry, low risk, momentum, size, value and quality. Its short position, against the STOXX Europe 600 Futures Roll EUR Excess Ret...