Industry Updates

Amundi launches Europe’s first fixed maturity German bund ETF

Part of newly launched four-strong euro government bond range

Lauren Gibbons

Beniot Sorel 1

Amundi has launched four fixed maturity euro government bond ETFs including Europe’s first tracking German bunds, ETF Stream can reveal.

The range – which tracks FTSE Russell indices – also includes an Italian government bond ETF maturing in 2027 and two euro government bonds ETFs maturing in 2028.

The four ETFs are:

  • Amundi Fixed Maturity 2027 German Bund Government Bond UCITS ETF (AK8G)

  • Amundi Fixed Maturity 2027 Italy BTP Government Bond UCITS ETF (BT27)

  • Amundi Fixed Maturity 2028 Euro Government Bond Broad UCITS ETF (AK8E)

  • Amundi Fixed Maturity 2028 Euro Government Bond Yield+ UCITS ETF (AK8F)

AK8G is listed on the Deutsche Börse and BT27 is listed on the Borsa Italiana while AK8E and AK8F are listed on both exchanges.

All ETFs in the range have total expense ratios (TERs) of 0.09%.

AK8G and BT27 have yields to maturity of 2.73% and 3.29%, while AK8E and AK8F currently yield 2.49% and 3.19%, respectively.

Benoit Sorel (pictured), head of ETF, indexing and smart beta at Amundi, said: “Amundi's fixed maturity ETFs enable us to meet our clients' demand for nimble solutions, capturing today’s yield levels to finance tomorrow’s projects.

“This offering further complements our existing range of bond ETFs and demonstrates our commitment to developing valuable solutions tailored to our clients' needs.”

Amundi joins BlackRock and DWS in launching a fixed maturity ETF range meaning Europe’s three largest issuers now offer the solution.

BT27 marks the third fixed maturity ETF to offer exposure to Italian government bonds in Europe after BlackRock launched two Italian bond ETFs in April.

The ETF is now the cheapest on the market, undercutting BlackRock’s two products by three basis points.

Elsewhere, Amundi launched Europe’s lowest-fee ETF capturing developed and emerging markets in March, with fees of less than half of its closest competitor.

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