Amundi Prime Global Government Bond UCITS ETF Acc

What this fund is

Amundi Prime Global Government Bond UCITS ETF Acc 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 bonds — loans to governments or companies that pay regular interest, spread across companies all around the world. It aims to track the Solactive Global Developed Government Bond TR EUR Index 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. In total it holds around 1070 different positions, which spreads risk so no single holding decides your outcome. It does this by actually owning the underlying investments (called physical replication). Any income the holdings generate, such as dividends, is automatically reinvested inside the fund (an accumulating share class), which lets returns build up over time without you doing anything. Its ongoing charge is 0.05% a year — about €5 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.