Amundi to shut its original 'multi' smart beta ETF

January 8, 2025--The fund made returns of nearly 20% last year but has failed to retain sufficient assets to be 'economically efficient'
Amundi is to close a multi-strategy smart beta exchange traded fund, the product it launched to enter the space a decade ago.

The Amundi Index Equity Global Multi Smart Allocation Scientific Beta Ucits ETF will be liquidated on February 4, according to a shareholder notice published late last week.

The board of the Luxembourg-based Amundi Index Solutions Sicav, the ETF's umbrella structure, wrote that net assets in the vehicle were below the "minimum level [...] to be operated in an economically efficient manner".