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Amundi Asset Management Adjusts ETF Benchmarks Effective July 11, 2024
Amundi Asset Management has announced significant changes to the benchmarks of several of its ETFs. Effective July 11, 2024, the Amundi MSCI Europe ESG Leaders UCITS ETF will experience substantial updates to its benchmarks.
The Amundi Prime US Corporates UCITS ETF DR (D), currently tracking the Solactive USD Investment Grade Corporate Index, will adopt the Bloomberg US Corporate Liquid Issuer Index. Its ticker, PRUC LN, remains unchanged, but the fund will be rebranded as Amundi US Corporate Bond UCITS ETF Dist.
Similarly, the Amundi Prime US Corporates - UCITS ETF DR - GBP HEDGED (D) will transition from the Solactive USD Investment Grade Corporate GBP Hedged Index to the Bloomberg US Corporate Liquid Issuer Index GBP Hedged Index, retaining its ticker PRIP LN but rebranded accordingly.
This strategic move aims to enhance the alignment of Amundi's ETFs with more liquid and comprehensive benchmarks, ensuring better representation and performance tracking for investors.
R. P.
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