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".

Columbia Threadneedle Investments expanding US active ETF range to Europe

May 19, 2025--A 'natural expansion' for the firm
Columbia Threadneedle Investments is set to expand its active ETF offering to the European market as it looks to branch out from its existing US range.