Amundi Asset Management Announces ETF Mergers Effective June 5, 2024

Amundi Asset Management has disclosed significant mergers within its ETF offerings. Set for June 5, 2024, the merging process involves absorption of targeted ETFs into their corresponding receiving funds. Prior to the merger, an index alignment will take place.

Notably, the Amundi ETF Govt Bond Euro Broad Investment Grade 7-10 UCITS ETF DR and the Amundi S&P 500 Daily (-2x) Inverse UCITS ETF Acc will undergo index switches effective immediately on the merger date. Index ticking and name changes are also outlined, ensuring seamless transition and continued trading under new identifiers on platforms like the London Stock Exchange.

The subsequent changes will be published with new tickers, activation on the merger day, while characteristics of the receiving ETFs will remain consistent post-merger. Full details and the timetable are accessible, providing transparency on the last trading days for absorbed ETFs and initiation of the new ETFs.