Amundi IBEX 35 UCITS ETF Acc (AMES)

Profile

Amundi IBEX 35 UCITS ETF Acc is an exchange-traded fund that seeks to track the performance of the IBEX 35 Index, comprising the 35 largest and most liquid companies listed on the Spanish stock market. This accumulating ETF reinvests dividends back into the fund, enhancing long-term capital growth without periodic distributions. Managed by Amundi Asset Management, Europe's largest asset manager with over €2 trillion in assets, it employs a direct replication strategy by holding the index constituents in proportion to their weightings. Key holdings include prominent firms like Banco Santander SA (around 17%), Iberdrola SA (14%), and Banco Bilbao Vizcaya Argentaria SA (13%), spanning sectors such as financial services (over 37%), utilities, consumer cyclicals, and industrials. With a fund size of approximately €407 million and a total expense ratio of 0.30% p.a., it provides unhedged exposure to large- and mid-cap Spanish equities, reflecting the nation's economic landscape and offering investors a targeted view of its market dynamics. Domiciled in France and launched in 2005, this ETF plays a key role in facilitating diversified access to Spain's leading blue-chip stocks within global portfolios.