|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||77.00 - 78.65|
|52 Week Range||54.50 - 82.20|
|Beta (5Y Monthly)||1.42|
|PE Ratio (TTM)||15.65|
|Forward Dividend & Yield||2.90 (3.56%)|
|Ex-Dividend Date||May 13, 2021|
|1y Target Est||N/A|
European fund manager Amundi is planning to launch an ETF for investors looking to gain exposure to emerging markets, excluding China, amid unfolding regulatory crackdowns and slowing growth in the world's second-largest economy. "Investors are looking to be more precise in how they allocate given the large weighting of China in the broad EM indices," said Ashley Fagan, global head of ETF, indexing and smart beta strategic clients at Amundi. Chinese stocks constitute a third of MSCI's Emerging Markets Index, recent data https://bit.ly/2YKuVZM showed.
French asset manager Amundi reported on Friday 7.2 billion euros ($8.55 billion) in net inflows in the second quarter, saying investors' appetite for more risky assets such as equity had improved in the quarter. Amundi, which is majority-owned by French bank Credit Agricole, said inflows in medium and long term assets have offset outflows in treasury funds. "This exceptional level was largely a reflection of the 12-month increase in the equity markets and should normalise over the next few quarters", Amundi said in a statement.
Europe's largest money manager is aiming to boost its Asian assets under management by 70 per cent to €500 billion (US$591 billion) by 2025, tapping opportunities arising from the forthcoming Wealth Management Connect scheme and China's drive to achieve carbon neutrality by 2060. "China's market is so huge that it is impossible for any investment manager to miss it. The country's opening up policies to attract foreign investors and its policies to promote environmental, social and governance (ES