Scientific Beta

Ignites Europe: "Amundi has unveiled its first smart beta exchange traded fund tracking an index provided by ERI Scientific Beta. The new fund, dubbed a “multi smart beta ETF”, will track an equal risk contribution index blending four main risk factors – value, size, low volatility and momentum – with five smart beta diversification strategies."

Ignites Europe 13/06/2014

"(...) Amundi has unveiled its first smart beta exchange traded fund tracking an index provided by ERI Scientific Beta. The new fund, dubbed a “multi smart beta ETF”, will track an equal risk contribution index blending four main risk factors – value, size, low volatility and momentum – with five smart beta diversification strategies. The Amundi ETF has been developed as part of the French fund house’s strategic partnership with ERI Scientific Beta, which was agreed earlier this year. The deal resulted in Amundi being granted access to the index firm’s range of smart beta indices in order to develop a suite of smart beta index products and ETFs. Valérie Baudson, global head of ETF and indexing at Amundi, says: “This first multi smart beta ETF launch on Euronext... demonstrates our commitment to innovation at the core of our product development strategy. “This also marks a major step in our smart beta ETF and indexing solutions offering.”” (...)"