Amundi Asset Management has expanded its thematic suite with the launch of two ETFs offering exposure to “smart” technologies which are enabling cities to improve efficiency, productivity and sustainability.

The Amundi Smart City UCITS ETF (SCITY) and the Amundi Smart Factory UCITS ETF (SFTRY) have listed on Euronext Paris and Euronext Amsterdam with ongoing charges of 0.35%.

SCITY synthetically tracks the Solactive Smart Factory index and is comprised of around 200 stocks exposed to industries such as public infrastructure, smart homes, e-commerce, healthcare and technology.

SFTRY synthetically tracks the Solactive Smart Factory index and is comprised of 252 stocks from industries such as advanced robotics, cloud computing, cyber security, 3D printing and the internet of things.

What is driving the boom in thematic ETF launches?

The two products cover both developed and emerging markets as well as offering exposure to multiple sectors. Additionally, each index category - and component in said category - are equally weighted and adjusted quarterly by Solactive.

Fannie Wurtz (pictured), head of Amundi ETF, indexing & smart beta, said: “We are always looking for new opportunities for investors.

“With our artificial intelligence ETF, and now these new smart city and smart factory ETFs, we can help investors to capitalise on three of the major themes that are shaping our future.”

Amundi also recently expanded its core range with the launch of its US corporate bond ETF in September.