A new exchange-traded fund issued by Amundi Asset Management has been tradable on Xetra and via the trading venue Börse Frankfurt since Friday.
The Amundi MSCI Switzerland UCITS ETF gives investors the opportunity to track the performance of a portfolio consisting of the largest and highest-turnover companies on the Swiss equity market. The underlying index is currently composed of 43 companies such as Nestle, Roche Holding and Novartis, which together account for 85 per cent of the Swiss market capitalisation. The largest sectors include healthcare (35 per cent), consumer staples (24 per cent) and financial services (16 per cent). The base currency of the fund is the Swiss franc.
| Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
| Amundi MSCI Switzerland UCITS ETF – CHF | Equity ETF | LU1681044993 | 0.25 percent | accumulating | MSCI Switzerland Index |
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,010 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.