Description

The Amundi Multi-Asset Portfolio Defensive UCITS ETF Dist fund of funds combines the advantages of passive, low-cost and quickly tradable ETFs with the advantages of a broadly diversified fund of funds. The objective of this multi-asset strategy is to achieve continuous capital appreciation through broad diversification across different asset classes, geographic regions, sectors and currencies. Due to the Portfolio Defensive ETF's investment in various ETFs and the resulting underlying diversification across a large number of securities, a strong diversification of the investment results. The Portfolio Defensive ETF follows fixed allocation rules and is not actively managed by market assessments. The composition of the ETF corresponds to a breakdown into 50 percent bonds and money market instruments, 40 percent equities and 10 percent gold. While the globally diversified equity component reflects the performance of several hundred companies, the bond component focuses on German Pfandbrief bonds, European government bonds and near-money market investments. The portfolio ETF also invests in gold ETCs such as Xetra-Gold . As part of the so-called "rebalancing", the allocation is adjusted to the original weighting once a year in spring.