Amundi expands US equity range with new ETF

Amundi , Europe’s leading asset manager, has expanded its range of cost-effective and innovative investment solutions with the launch of the Amundi S&P 500 Equal Weight UCITS ETF. This new ETF provides investors with a simple and efficient way to gain diversified exposure to the US equity market at a highly competitive cost.

The ETF tracks the S&P 500 Equal Weight Index, which includes the same 500 constituents as the market capitalisation-weighted S&P 500 Index, but assigns each stock an equal weighting. By reducing concentration risk and balancing exposure across the index, this approach allows investors to capture economic growth across a broader range of opportunities. .

With management fees of just 0.12%, the Amundi S&P 500 Equal Weight UCITS ETF is amongst the lowest-cost ETFs in the European UCITS market tracking this index. Its launch responds to growing client demand for equal-weight strategies, which have historically provided a strong alternative to market-cap weighted indices. .

Amundi already offers an ETF tracking the S&P 500 Equal Weight Scored & Screened Leaders Select Index, launched in May 2022, which has grown to over €3 billion in assets under management. .

Benoit Sorel, Global Head of ETF, Indexing and Smart Beta at Amundi , commented: “ Investor demand for equal-weight strategies continues to grow as investors seek to diversify their US equity exposure and mitigate concentration risk. The launch of this ETF responds to this growing demand, reinforcing our commitment to providing investors with robust, cost-competitive building blocks for their portfolios, in line with our recent launch of the MSCI USA ex Mega Cap UCITS ETF.”M