Amundi Asset Management's ETF Merger Scheduled for March 2024

Amundi Asset Management has announced the merger of several of its exchange-traded funds (ETFs) scheduled to take effect on March 6, 2024. This operation involves the consolidation of the absorbed ETFs into the receiving ETFs, without modifying the main characteristics of the latter. The ETFs affected by this merger operate in the large and mid-cap sector in the United States, with an annual expense ratio (TER) of 0.05%.

Holders of the absorbed ETFs, identified by the symbols PRIU and PRAU on the London Stock Exchange, will see these instruments cease trading on March 5, 2024. The following day, the new tickers of the receiving ETFs will be activated. This reorganization aims to optimize the ETF offering focused on the American market for Amundi's investors. Both absorbed and receiving ETFs use a physically replicating method of the indices referenced to the Solactive GBS United States Large & Mid Cap Index Net TR.