Amundi is further expanding its index range with the launch of a new index fund, the Amundi Index Equity Global Multi Smart Allocation Scientific Beta, available in France, the UK and major European markets. The fund provides exposure to the Scientific Beta Developed Multi-Beta Multi-Strategy ERC strategy index, which is composed of a selection of around 2,000 stocks issued by large and mid-cap companies in developed countries.
On 23 June, 2015, Amundi announced that it is further expanding its index range with the launch of a new index fund, the Amundi Index Equity Global Multi Smart Allocation Scientific Beta, available in France, the UK and major European markets. The fund provides exposure to the Scientific Beta Developed Multi-Beta Multi-Strategy ERC strategy index, which is composed of a selection of around 2,000 stocks issued by large and mid-cap companies in developed countries. It aims to provide improved risk-adjusted performance compared to a cap-weighted index. This Scientific Beta Developed Multi-Beta Multi-Strategy ERC strategy index tracks the performance of four weighted sub-indices from ERI Scientific Beta's platform. These indices blend four stock selection factors: volatility, valuation, size and momentum with five smart beta diversification strategies. By combining these different factors and strategies focused on stock markets in developed countries, the objective of the index is to provide a robust and transparent solution for investors over the long term.