Amundi Bloomberg Equal‑weight Commodity ex‑Agriculture

ETF description

This ETF is designed to give investors exposure to a broad range of commodities, excluding agricultural products. By focusing on key sectors such as energy, metals, and other natural resources, it allows investors to diversify their holdings beyond traditional investments like stocks and bonds. The fund uses an equal‑weight strategy, meaning that it allocates a balanced portion to each of the commodities in its basket, rather than giving more weight to larger sectors like oil or gold.

The equal weighting approach aims to spread risk more evenly across the different commodities. This ETF could appeal to investors looking to diversify their portfolios with a broad range of commodities but who prefer not to include agricultural products. It may also attract those who like the idea of an equal‑weight strategy, which avoids overconcentration in any one area.

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 Bloomberg Energy & Metals Equal Weighted Total Return index denominated in US Dollars, representative of the commodities market, and more specifically of energy, base metals and precious metals. The index tracks the changes in the prices of an equal‑weighted basket of 12 energy and metal (base & precious) commodity futures contracts.