Amundi launches ASBD ETF for short-term euro bonds

Amundi EUR Ultra Short-Term Bond Active UCITS ETF (ASBD ETF) is an actively managed fund that aims to outperform the euro short-term rate (€STR) index over a recommended holding period of at least one year.

The ETF, which is domiciled in Ireland, utilizes physical sampling to replicate the performance of its underlying index. It has a total expense ratio (TER) of 0.18% per annum. The fund is traded on several exchanges, including Deutsche Boerse Xetra, and its dividends are accumulated.