Amundi MSCI World Information Technology UCITS ETF USD Acc

What this fund is

Amundi MSCI World Information Technology UCITS ETF USD Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker TNOW (ISIN LU0533033741). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. 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.

Geographically it leans ~89.6% United States, ~4.1% Japan and ~3.1% Netherlands. By industry it concentrates most in ~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. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash.

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 USD. Its price has swung about 22.9% over the past year — a gauge of how much the value moves, not a judgement of quality. 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.)