Description

This Amundi exchange-traded fund, officially known as the "Amundi EURO STOXX 50 (DR) UCITS ETF - Daily Hedged to GBP - Acc," is a UCITS-regulated product. Its primary goal is to replicate the performance of its benchmark, the EURO STOXX 50 Net Return EUR index. A key feature is its daily currency hedging against the British Pound (GBP), engineered to offset the effects of fluctuations between the index's base currency (Euro) and the GBP. This GBP-hedged investment vehicle offers a simple, embedded solution for managing foreign exchange exposure by providing a daily currency hedge within the product itself, thereby efficiently mitigating currency risk for investors. The underlying benchmark, the EURO STOXX 50 Net Return EUR, is recognized as the leading blue-chip index for the Eurozone. It comprises 50 prominent companies, representing top-tier sector leaders across more than 12 Eurozone nations. This index covers approximately 60% of the free-float market capitalization of the wider EURO STOXX Total Market Index (TMI), which itself accounts for roughly 95% of the free-float market capitalization of the constituent countries. For additional information, please visit www.stoxx.com.