Amundi continues ETF merger spree with government bond fund integration

The firm is set to merge the Amundi ETF Euro Inflation UCITS ETF into the Lyxor Core Euro Government Inflation-Linked Bond UCITS ETF, it said in a stock exchange notice yesterday (17 November). The absorbed ETF will stop trading on 30 November, with the merger date set for 1 December. The total expense ratio of the fund will also be adjusted, falling from 0.16% to 0.09%. Amundi posts €13.7bn inflows in Q3 driven by passives The merging ETF return's has dropped 4.4% over the last three years, while the Lyxor ETF has declined by 4.3%, compared to an IA EUR government bond average ...