BNP Paribas Asset Management has bolstered its smart-beta ETF range with the launch of three new tracker funds, the company has announced.
The BNP Paribas Easy Equity Dividend and BNP Paribas Easy Equity Dividend Europe Ucits ETFs will aim to replicate the performance of strategy indices developed by BNP Paribas.
They will invest in a basket of liquid shares which pay high, stable and sustainable dividends.
The third new launch, the BNP Paribas Easy Equity Value US Ucits ETF, aims to replicate the performance of a strategy index exposed to the potential performance of a basket of US shares.
These are shares which are considered to be undervalued according to fundamental analysis criteria.
The three new tracker funds have been designed for investors seeking access to the potential yield of high dividend shares in the US, Europe, or to undervalued US shares.
All three are Luxembourg-domiciled and will be listed on the Euronext Paris and Xetra. This increases the number of smart beta ETFs in BNP Paribas Easy range to 14.
Commenting on the launches, BNP Paribas AM’s head of ETF and index activity, Isabelle Bourcier, said: 'The launch of these three new ETFs underlines our desire to continue expanding our range of smart-beta investment solutions and meets genuine client demand for portfolio diversification.'