Amundi USD Fed Funds Rate UCITS ETF Acc

Amundi USD Fed Funds Rate UCITS ETF Acc is a UCITS-compliant exchange-traded fund that seeks to track the Solactive Fed Funds Effective Rate index. This index provides daily rolling exposure to the Federal Funds Effective Rate, the key short-term money market interest rate in the United States, which is determined by the Federal Open Market Committee. The ETF employs a synthetic replication strategy using an unfunded swap to mirror the index's performance, offering investors access to this benchmark rate in a money market-focused product denominated in USD. As an accumulating fund, it reinvests any income generated, supporting long-only exposure without currency hedging. Domiciled in Luxembourg and managed by Amundi ETF, the fund serves as a tool for those aiming to capture the dynamics of U.S. short-term interest rates within a diversified fixed-income portfolio context. Launched in 2015, it stands out for its role in providing precise, low-cost tracking of this essential monetary policy indicator.