Amundi German Bund Daily (-2x) Inverse UCITS ETF Acc

The Amundi German Bund Daily (-2x) Inverse UCITS ETF Acc is a UCITS compliant exchange traded fund that aims to track the benchmark index Solactive Bund Daily (-2x) Inverse Index.The main objective of the strategy implemented by the Solactive Bund Daily (-2x) Inverse Index is to provide the same financial outcome than a daily short strategy with a leverage of 2, based on a portfolio of 10-Year German Government bonds while avoiding the costs linked to the use of cash instruments, namely the borrowing cost and twice the daily bid-ask spreads. The Index combines a long position in a daily overnight investment at EONIA rate along with a double short position in Bund Futures, the notionals of both investments being rebalanced on a daily basis.Amundi ETFs are efficient investment vehicles listed on exchange that offer transparent, liquid and low-cost exposure to the underlying benchmark index.