Amundi MSCI USA Daily (2x) Leveraged UCITS ETF Acc (CL2)

Profile

https://oci-global.com

Amundi MSCI USA Daily (2x) Leveraged UCITS ETF Acc is an exchange-traded fund managed by Amundi Asset Management, launched on May 12, 2009, and domiciled in France. It seeks to replicate the performance of the MSCI USA Leveraged 2x Daily Strategy Index through synthetic replication using derivatives like swaps. This index aims to deliver twice the daily return of the MSCI USA Index, which tracks approximately 600 leading large-cap and mid-cap stocks across diversified sectors in the United States, with net dividends reinvested. As an accumulating ETF, it reinvests dividends rather than distributing them, enhancing share price growth over time. The fund maintains a total expense ratio of 0.50% per annum and has grown to manage around 968 million euros in assets. Notable for its leveraged strategy, it employs equity swaps for exposure, primarily to U.S. public equities, making it suitable for investors targeting amplified daily movements in the American stock market while adhering to UCITS regulations.