Amundi STOXX Europe 600 Banks

ETF description

This ETF is designed to invest in a selection of banks across Europe. It aims to track the performance of the STOXX Europe 600 Banks Index, which includes a broad range of banking institutions from various European countries. By investing in this ETF, individuals gain exposure to a diverse group of banks, which may include large multinational firms as well as smaller regional banks.

Investors who are interested in the banking sector and its potential for growth may find this ETF appealing. It can attract those looking to capitalize on the financial industry’s developments, including trends in lending, investment services, and financial technology. The ETF encompasses a variety of banking services, providing a comprehensive view of the sector while helping to spread investment risk.

Issuer details

Amundi Asset Management is the largest asset manager in Europe, with over €2 trillion in assets under management as of June 2024. Amundi offers a comprehensive range of investment products, including ETFs, mutual funds, active management, and alternative investments, covering a wide array of market segments such as equities, fixed income, multi‑asset, alternatives, and ESG (Environmental, Social, Governance). Founded in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale, Amundi has a strong commitment to ESG investing and innovation, striving to deliver cost‑efficient solutions to its clients. With an extensive global presence, Amundi’s notable ETFs include the Amundi MSCI World UCITS ETF and the Amundi Prime Global UCITS ETF, highlighting its dedication to providing diversified and sustainable investment options.

Index details

The index is a market cap weighted index designed to represent the performance of securities from the STOXX Europe 600 Index (the ‘“Initial Universe”’) that belong to the banks supersector as defined by the Industry Classification Benchmark (‘“ICB”’). The Initial Universe provides exposure to the performance of the 600 most liquid large, mid and small caps stocks covering developed markets in Europe.