Description

This UCITS-compliant exchange-traded fund from Amundi, named Amundi EURO STOXX 50 (DR) UCITS ETF - Daily Hedged to CHF - Acc, aims to mirror the performance of the EURO STOXX 50 Net Return EUR index. A key characteristic is its embedded daily currency hedge against the Swiss Franc (CHF), which adeptly mitigates the effects of daily exchange rate movements between the index's base currency and the CHF. This integrated mechanism offers investors a straightforward and effective solution for managing foreign exchange risk. The underlying benchmark, the EURO STOXX 50 Net Return EUR, stands as Europe's premier blue-chip index for the Eurozone, encompassing 50 leading companies from various supersectors across more than a dozen Eurozone countries. This index captures approximately 60% of the free-float market capitalization of the broader EURO STOXX Total Market Index (TMI), which itself covers about 95% of the free-float market capitalization of the nations it represents. Further details are available at www.stoxx.com.