Amundi S&P 500 Swap UCITS ETF EUR Hedged Acc

What this fund is

Amundi S&P 500 Swap UCITS ETF EUR Hedged Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker 500H (ISIN LU1681049109). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms 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, focused on the European market. It follows the S&P 500 Daily Hedged Euro Index Net TR index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include NVIDIA CORP, APPLE INC and MICROSOFT CORP. Its biggest country exposures are ~100% United States.

By industry it concentrates most in ~36.9% Information Technology and ~12.2% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.28% a year — about €28 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 12.2% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2018. 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.)