Amundi Nasdaq-100 Daily (2x) Leveraged UCITS ETF

Amundi Nasdaq-100 Daily (2x) Leveraged UCITS ETF is an equity exchange-traded fund designed to deliver twice the daily return—both gains and losses—of the Nasdaq-100 Index. Its primary purpose is to provide leveraged exposure to the Nasdaq-100, an index comprised of 100 of the largest US non-financial technology-focused companies. The fund achieves its two-times daily leverage through synthetically tracking the relevant leveraged benchmark via over-the-counter swaps, rather than direct share ownership, and resets the leverage daily. This structure enables it to magnify short-term price movements of the underlying index, making it highly responsive to daily shifts but also increasing potential risk and volatility substantially. Accumulating by design, any dividends from underlying holdings are automatically reinvested into the fund rather than distributed to investors. Managed by Amundi Asset Management and domiciled in France, the fund targets investors seeking aggressive equity exposure with a high risk tolerance, particularly those with short-term trading horizons. With a sizable asset base and a total expense ratio of 0.60% per annum, the fund plays a specialized role in the European ETF market, catering to those aiming to capitalize on daily movements in leading US technology stocks through leveraged strategies.