Amundi continues ETF merger spree with government bond fund integration

Euro inflation ETF

Amundi has continued its splurge of ETF mergers following its acquisition of Lyxor last year, integrating two more ETFs into each other.

The firm is set to merge the Amundi ETF Euro Inflation UCITS ETF into the Lyxor Core Euro Government Inflation-Linked Bond UCITS ETF, it said in a stock exchange notice yesterday (17 November). The absorbed ETF will stop trading on 30 November, with the merger date set for 1 December. The total expense ratio of the fund will also be adjusted, falling from 0.16% to 0.09%. Amundi posts €13.7bn inflows in Q3 driven by passives The merging ETF return's has dropped 4.4% over the last three years, while the Lyxor ETF has declined by 4.3%, compared to an IA EUR government bond average ...