Description

This Amundi ETF is structured to provide inverse exposure, rebalanced daily, to the European stock market. It aims to achieve this by mirroring the upward and downward movements of the EURO STOXX 50 Daily Short strategy index (inclusive of gross dividends reinvested), referred to as the "Benchmark Index." Denominated in Euros, this Benchmark Index implements a short-selling strategy with a -1x daily leverage effect, rebalanced every day against the EURO STOXX 50 Total Return index (the "Parent Index," also with gross dividends reinvested). A core objective of the fund is to minimize any discrepancy between its own performance and that of the Benchmark Index. For comprehensive details on the index methodology, please refer to the fund's prospectus or Key Information Document (KID).