Amundi fund halves its US share using a GDP-weighted approach
According to Handelsblatt, an Amundi fund halves its US share by using a GDP-weighted approach instead of market capitalization. The fund groups stock markets by economic strength, which creates new problems.
Key facts
- 01The Amundi fund uses a GDP-weighted approach to assemble stock markets instead of market capitalization.
- 02Stock markets are grouped by economic strength under this method.
- 03The change is reported to create new problems for the fund.
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Sources
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