Amundi IBEX 35 Doble Apalancado Diario (2x) UCITS ETF Acc (IBEXA)

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Amundi IBEX 35 Doble Apalancado Diario (2x) UCITS ETF Acc is a leveraged exchange-traded fund designed to deliver twice the daily performance of the IBEX 35 Double Leverage Net Total Return Index in euros. Launched on May 2, 2011, and domiciled in France, this accumulating ETF reinvests dividends rather than distributing them, managed passively through synthetic replication using derivatives to achieve its 2x daily leverage on Spain's leading benchmark index of 35 large-cap stocks. With assets under management around 67-83 million euros and a total expense ratio of 0.40% per annum, it targets investors seeking amplified exposure to the Spanish equity market, spanning sectors like technology, finance, and healthcare. The fund's structure as a French FCP emphasizes no currency hedging, heightening its role in tactical strategies focused on short-term movements in Iberian high-capitalization equities, while its UCITS compliance ensures regulatory oversight and liquidity in European markets.