Industry Updates

Amundi merges Lyxor Treasury bond ETF range; Halves fees

Modified range will house $1.6bn AUM

Theo Andrew

Bonds stopwatch

Amundi is set to merge three US Treasury ETFs with Lyxor equivalents as well as halving the fees across the range.

In a shareholder notice, the French asset manager said it would be changing the name of three Lyxor ETFs to Amundi before rolling in its existing, more expensive ETFs into the newly branded funds.

Investors in the merged Amundi ETFs will see their total expense ratios (TER) cut from 0.14% to 0.07% as a result.

The following ETFs will be rebranded to Amundi:

They will then absorb Amundi’s existing range:

  • Amundi US Treasury 1-3 UCITS ETF (US1)

  • Amundi US Treasury 3-7 UCITS ETF (US3)

  • Amundi US Treasury 7-10 UCITS ETF (US7)

Together, the merged ETFs will house over $1.6bn assets under management (AUM).

Investors in the current Amundi range will go from tracking the Markit iBoxx $ Treasuries index range to the Bloomberg US Treasury index range.

Amundi said investors will benefit from the increased investment capacity and economies of scale while getting exposure to the same asset classes.

The French asset manager continues to consolidate its product range following its acquisition of Lyxor in January last year.

It has merged several ETFs over the past six months as it looks to tighten its grip as Europe’s second-largest ETF issuer.

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