New Listing

Amundi unveils cheapest emerging market ETF in Europe

Charges 0.10%

Tom Eckett

a man in a suit

Amundi has thrown down the gauntlet to its rivals with the launch of Europe’s cheapest emerging market ETF.

The Amundi Prime Emerging Markets UCITS ETF (PRAM) is listed on Deutsche Boerse with a total expense ratio (TER) of 0.10%, making it the cheapest emerging market ETF in Europe by two basis points.

PRAM will sit within the French asset manager’s Prime ETF range which launched in 2019 and now consists of 13 ETFs, all with fees of 0.05% barring PRAM.

Like the rest of the Prime range, PRAM will track a Solactive index, the Solactive GBS Emerging Markets Large & Mid Cap USD index, which currently offers exposure to 1561 large and mid-cap emerging market companies.

Commenting on the launch, Matthieu Guignard (pictured), global head of ETF, indexing and smart beta product development and capital markets at Amundi, said: “Reflecting the purpose of our Prime ETF range, which is to provide the must-have building blocks for a diversified asset allocation, we are broadening our offering to include emerging markets equities exposure.

“With this latest addition to our range, we offer investors a solution to access this promising market and incorporate this new essential investment exposure in their allocation.”

Timo Pfeiffer, chief markets officer at Solactive, added: “The index offers logical and cohesive access to emerging markets which owned their rightful place in investor’s portfolios for decades now.”

Amundi already offers two broad emerging market ETFs in Europe, the physically-replicated Amundi Index MSCI Emerging Markets UCITS ETF (AEME) and the synthetically-replicated Amundi MSCI Emerging Markets UCITS ETF (AEEM), which both charge 0.20%.

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