Amundi Asset Management is set to liquidate its eastern European equities excluding-Russia ETF across both the euro and dollar denominated classes.
According to a London Stock Exchange announcement, trading in the Amundi MSCI Eastern Europe Ex Russia UCITS ETF will end on 5 May and the liquidation will take place a week later on 12 May.
The ETF has been replicating the performance of the MSCI Eastern Europe ex-Russia Index as closely as possible to offer exposure to large companies in countries including Hungary, Czech Republic and Poland.
Its largest sectoral exposure is financials at 41% followed by energy at 17% and utilities at 13%. The ETF has a net asset value of €238m, assets under management of €21m and an ongoing charge of 0.2%.
The shutting down of the ETF follows Amundi’s liquidation of the Lyxor MSCI Russia UCITS ETF in February.
