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September 2022
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Amundi and robo adviser Endowus launch four index funds in Singapore

The launch is “an important step forward in contributing to the expansion of passive offerings in the rapidly rising robo advisory space”, Amundi says
By Goh Thean Eu   
June 17, 2022

French asset manager Amundi has teamed up with Singapore robo adviser Endowus to launch four index funds in the city state.

The MSCI World Fund, MSCI Emerging Markets Fund, Prime USA Fund, and Bloomberg Global Aggregate 500M Fixed Income Fund will be available exclusively on Endowus’ robo-advisory platform, Amundi says in a statement on June 16.

According to the company, they represent “key building blocks” in investors’ portfolios and the launch is “an important step forward in contributing to the expansion of passive offerings in the rapidly rising robo advisory space”.

Fees for the funds are between 0.05% and 0.20%, which Amundi says are the lowest in Singapore.

Paris-based Amundi had 2.06 trillion euros (US$2.15 trillion) of assets under management as of end-2021.

Endowus, which was set up in 2019, currently has over S$1.5 billion ($1.08 billion) of assets under advice.