Press Releases

Amundi Selects Solactive for the Launch of a New US Tech ETF

In a scenario marked by economic volatility, investors may want to diversify their portfolios looking for a liquid environment and large-cap growth. Offering stockholders these two perspectives, the 100 largest non-financial securities listed on the NASDAQ Stock Exchange are mostly technology firms, which are usually associated with innovation, rapid growth, strong fundamentals, and strong historical performance. Many of them have already recorded good returns in the last five to ten years – even during Covid-19 –, this industry shows great potential to develop in the years to come, mainly due to our technological future, which has been accelerated with the pandemic.

Amundi, Europe’s largest asset manager and the leading European ETF provider, has selected the newly launched Solactive United States Technology 100 Equal Weight Index as the underlying index for the launch of the Amundi US Tech 100 Equal Weight UCITS ETF.

The Solactive United States Technology 100 Equal Weight Index aims to represent the performance of the largest 100 securities from various size segments of the NASDAQ Stock Exchange. Only index components whose country of primary listing is the United States are eligible. The constituents are selected based on full security market capitalization and equally weighted.

The ETF listed on Xetra on November 29, 2022 under the ticker symbols “WEBA” (for the EUR listing currency) and “WEBB” (for the USD listing currency).

Timo Pfeiffer, Chief Markets Officer at Solactive, commented: Tech companies have been among the most valuable in the world in the last years. This consists of a positive scenario for those firms, which are likely to make their presence even stronger in our daily lives. Amundi perceived the enormous potential of this industry, which is likely to accompany us for the next decades to come. We are very pleased to launch this product with them and look forward to strengthening our relationship.”

Arnaud Llinas, Head of ETF, Indexing & Smart Beta at Amundi, added: “Client-centric innovation is a key focus in our product development strategy. We have seen strong interest from our clients in this exposure and are pleased to launch the first ETF to replicate an equal weight index on US Tech in Europe tracking a Solactive index.”