Investment objective Amundi Core S&P 500 Swap UCITS ETF Acc
This is how he invests Amundi Core S&P 500 Swap UCITS ETF Acc: The fund is an index-tracking UCITS with passive management. The Fund’s investment objective is to reflect both the upward and downward movements of the U.S. dollar-denominated S&P 500 ® Net Total Return Index (with net dividends reinvested) (the “Benchmark Index”). At the same time, the volatility of the return difference between the fund and the benchmark index (“tracking error”) should be kept as low as possible. The Fund seeks to achieve its investment objective through indirect replication, i.e. through one or more over-the-counter swap contracts (derivative financial instruments, “DFI”). The fund can also invest in a diversified portfolio of international stocks whose performance is swapped with that of the benchmark index via FDI.
The Amundi Core S&P 500 Swap UCITS ETF Acc belongs to the “Equity” category.