Amundi Core MSCI USA UCITS ETF Dist

What this fund is

Amundi Core MSCI USA UCITS ETF Dist is an exchange-traded fund (ETF) from Amundi — a single investment you can buy in one trade that bundles many holdings together, so your money is spread out instead of riding on one company. It invests in company shares (also called stocks or equities), focused on companies in the United States and Canada. It aims to track the MSCI USD Net TR USD Index index, which means its value moves roughly in line with that market instead of relying on a manager to pick winners — a hands-off style known as passive (or index) investing that typically keeps running costs down. In total it holds around 526 different positions, which spreads risk so no single holding decides your outcome. It does this by actually owning the underlying investments (called physical replication). Income the holdings generate, such as dividends, is paid out to you as cash (a distributing share class). Its ongoing charge is 0.03% a year — about €3 a year on a €10,000 holding, taken automatically from the fund. The fund is domiciled in Ireland. As with any investment, its value can go down as well as up, and past performance is not a guide to future results.