Ossiam has unveiled a synthetic S&P 500 ETF matching Invesco, BlackRock and Amundi as the joint lowest-fee providers of such an offering.
The Ossiam S&P 500 UCITS ETF (0USE) debuts with a total exchange ratio (TER) of 0.05% and is listed on Deutsche Boerse.
A spokesperson from the French asset manager said that the new product draws on the firm's "extensive expertise in managing synthetic replication ETFs."
In March, ETF Stream reported that Ossiam had received regulatory approval for a range of non-ESG vanilla passive ETFs as part of nine new approvals – a move set to increase the size of its ETF offering by 43%.
The Natixis affiliate is known for its smart beta ETFs but has a range of six Paris-aligned benchmark (PAB) funds facilitating generic regional equity exposures.
The PAB range houses $2bn in assets under management (AUM), according to the figures from the provider’s website.
A spokesperson for Ossiam previously told ETF Stream that the non-ESG range was designed to “complement” the existing PAB suite and “was largely driven by customer requests and the identification of development opportunities.”
“We firmly believe that PAB ETFs should eventually become a standard component in the passive core allocations of portfolios. [However, the new funds provide] our clients with the flexibility to decide whether or not to include exposure to a sustainable index in their portfolios,” they added.
The firm is also planning a white-label initiative to support active managers looking to enter Europe’s ETF rapidly-expanding market.
