Industry Updates

Amundi closes four ETFs on low demand

Two Lyxor sector ETFs will be liquidated

Lauren Gibbons


Amundi is set to close four ETFs tracking European and US equities amid low assets under management (AUM).

Both the $3.7m Amundi MSCI Europe ESG Universal Select UCITS ETF (SBIE) and the $3.2m Amundi MSCI USA ESG Universal Select UCITS ETF (SBIU) will delist from Deutsche Börse on 27 February and liquidate the following week.

Meanwhile, the $9.7m Lyxor STOXX Europe 600 Retail UCITS ETF (RTA) and the $45.3m Lyxor STOXX Europe 600 Media UCITS ETF (MDA) will delist from Borsa Italiana, Euronext Paris and Deutsche Börse and liquidate on the same timeline.

In a shareholder notice, Amundi said: “The board considers that the value of the net assets in the share has not reached an amount considered by the board as the minimum level for the share class to be operated in an economically efficient manner.”

The move follows a broader pattern of Amundi making changes to its ETF range as it looks to streamline its product range following the acquisition of Lyxor in January 2022.

In its Q3 2023 results, the French asset manager said it has “almost entirely” realised the operational benefits of integrating Lyxor.

Last year, Amundi closed its Eastern Europe ex-Russia ETF following low assets while also closing three ETFs tracking European stocks including multi-factor and scientific beta strategies on low assets the month prior.

In January, the group said it was merging its global Paris-Aligned Benchmark (PAB) climate SIR ETF into a newly launched equivalent that is domiciled in Ireland.

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