Amundi Core S&P 500 Swap UCITS ETF EUR Hedged Dist

What this fund is

Amundi Core S&P 500 Swap UCITS ETF EUR Hedged 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 European companies. It aims to track the S&P 500 Daily Hedged Euro Index Net TR 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. It does this through a swap agreement rather than owning every holding directly (called synthetic replication). Income the holdings generate, such as dividends, is paid out to you as cash (a distributing share class). Its ongoing charge is 0.07% a year — about €7 a year on a €10,000 holding, taken automatically from the fund. The fund is domiciled in Luxembourg. As with any investment, its value can go down as well as up, and past performance is not a guide to future results.