Industry Updates

Amundi merges five thematic ETFs as Lyxor consolidation continues

One smart beta ETF to also merge into Amundi equivalents

Lauren Gibbons

Future themes for thematic ETFs

Amundi is set to merge six ETFs into six newly created Amundi ETFs following the ongoing consolidation of its range after its acquisition of Lyxor.

In a shareholder notice, the French asset manager said the changes are part of the “ongoing review of the product range competitiveness and client interest assessment”, effective 14 June.

The six ETFs are:

VAL, ELLE and UNIC will merge into the Amundi MSCI EMU Value Factor UCITS ETF, the Amundi Global Gender Equality UCITS ETF and the Amundi MSCI Disruptive Technology ESG Screened UCITS ETF, respectively.

Meanwhile, MILL, EBUY and ELCR will merge in to the Amundi MSCI Millennials ESG Screened UCITS ETF, the Amundi MSCI Digital Economy ESG Screened UCITS ETF and the Amundi MSCI Future Mobility ESG Screened UCITS ETF, respectively.

The notice added: “The receiving sub-fund has been set up for the purposes of the merger and, to that effect, replicates, subject to some adjustments, the absorbed sub-fund.”

Elsewhere, Amundi launched four fixed maturity euro government bond ETFs including Europe’s first tracking German bunds in May.

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