Amundi has expanded its core range with the launch of a short-duration euro government bond ETF.
The Amundi Prime Euro Gov Bonds 0-1y UCITS ETF (PRAB) is listed on Xetra with a total expense ratio (TER) of 0.05%.
PRAB tracks the Solactive Eurozone Government Bond 0-1 Year index which offers exposure to euro-denominated government bonds with a maturity between one month and one year.
To be included in the index, the bond must have at least €1.5bn outstanding and the issuing country must have a combined amount outstanding of at least €5bn.
PRAB will sit in Amundi's 'Prime' ETF range which consists of six equity ETFs and now seven fixed income ETFs.
Fannie Wurtz, head of Amundi ETF, indexing and smart beta, commented: “Our Prime range of ETFs has been a strong success since launching last year, attracting over €2bn in under 18 months."