Amundi Japan Topix UCITS ETF - Daily Hedged USD (10A1)

Profile

https://oci-global.com

Amundi Japan Topix UCITS ETF - Daily Hedged USD is an exchange-traded fund that provides investors with broad exposure to the Japanese equity market by tracking the TOPIX® (USD Hedged) index. This index encompasses all companies listed on the First Section of the Tokyo Stock Exchange, representing large-cap and mid-cap firms across diverse sectors such as technology, manufacturing, finance, and consumer goods. The ETF employs synthetic replication through unfunded swaps to mirror the index's performance while featuring daily currency hedging to the US dollar, effectively minimizing fluctuations from yen-dollar exchange rates. As an accumulating fund, it reinvests dividends back into the portfolio, supporting compounded growth over time. Managed by Amundi ETF and domiciled in Luxembourg, it maintains a total expense ratio of 0.48% per annum and has assets under management around 30-31 million euros. Launched in September 2015, this ETF serves as a cost-efficient vehicle for international investors seeking diversified access to Japan's total market dynamics without unhedged currency exposure, enhancing portfolio diversification in global equity strategies.