Description

This Amundi Exchange Traded Fund (ETF), compliant with UCITS regulations, is hedged monthly to GBP and distributes income. Its objective is to replicate the performance of the Markit iBoxx USD Breakeven 10-Year Inflation Index. This index represents a strategy that takes a long position in the six most recently issued U.S. 10-year Treasury Inflation-Protected Securities (TIPS) while simultaneously taking a short position in U.S. Treasury bonds of similar duration. The resulting difference in yields between these bond types is known as the "breakeven rate of inflation," a key metric reflecting the market's anticipated inflation over a specific period. Like other Amundi ETFs, this fund offers an efficient, transparent, liquid, and low-cost method for investors to access the underlying benchmark index through a listed exchange.