Amundi MSCI World Information Technology UCITS ETF EUR Acc

What this fund is

Amundi MSCI World Information Technology UCITS ETF EUR Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker TNOW (ISIN LU0533033667). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. At its core it is a focused, thematic fund: it concentrates on the information technology part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't. It follows the MSCI Daily TR World Net Information Technology USD index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include APPLE INC, NVIDIA CORP and MICROSOFT CORP.

By geography it is weighted towards ~89.6% United States, ~4.1% Japan and ~3.1% Netherlands. Its heaviest sectors are ~100% Information Technology. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.3% a year — about €30 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in EUR. Its price has swung about 21.9% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2010. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)