Amundi STOXX Europe 600 Basic Resources UCITS ETF Acc (BRES)

Profile

https://oci-global.com

Amundi STOXX Europe 600 Basic Resources UCITS ETF Acc is an exchange-traded fund that seeks to replicate the performance of the STOXX Europe 600 Basic Resources Net Total Return Index. This index tracks companies within the basic resources sector from the broader STOXX Europe 600, which encompasses large-, mid-, and small-cap firms across 17 European countries, covering about 90% of the region's free-float market capitalization. The ETF employs a synthetic replication method via total return swaps, with its primary holding being a swap on the index, allowing it to mirror both upward and downward movements without physical ownership of underlying stocks. Focused on the basic resources industry—encompassing mining, metals, and forestry products—the ETF's top components include major players like Rio Tinto, Glencore, and Anglo American, predominantly from the UK and other European nations. Domiciled in Luxembourg and launched on August 25, 2006, it follows an accumulating policy, reinvesting dividends to potentially compound returns. With a total expense ratio of 0.30% and assets under management around 387 million euros, it provides investors targeted exposure to Europe's commodity-related equities, playing a key role in sector-specific portfolio diversification within the equity markets.