Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF EUR Hedged Acc

What this fund is

Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF EUR Hedged Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker COMH (ISIN LU1900069219). 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 tracking physical commodities like gold or oil, which often move differently from shares and are used to spread risk or hedge inflation, focused on the European market. It follows the Bloomberg Energy and Metals Equal-Weighted Euro Monthly Hedged TR Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include NATURAL GAS 08/26 NYME, ZINC 08/26 LME and LME COPPER FUTURE Aug26. Its biggest country exposures are ~55.2% United Kingdom.

Its heaviest sectors are ~39.7% Base Metal and ~33.7% Energy. It is typically held as a diversifier — a slice that behaves differently from mainstream shares — rather than as a portfolio's main engine. Its ongoing charge (TER) is 0.35% a year — about €35 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 EUR.

Its price has swung about 22% over the past year, which describes how much its price tends to move rather than whether it is good. It launched in 2019. 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.)