Amundi Core Euro Government Bond UCITS ETF Acc

Amundi Core Euro Government Bond UCITS ETF Acc is a physically replicated exchange-traded fund (ETF) designed to mirror the performance of the Bloomberg Euro Treasury 50bn Bond index. This index encompasses euro-denominated government bonds issued by eurozone sovereigns, with particular focus on liquid, high-capitalization constituents. The fund provides investors exposure to the core government bond market of the euro area, serving as a foundational fixed income vehicle for portfolios seeking stability, income, or diversification from equities. Key features include its large size—over 1.25 billion euros in assets under management—and its accumulating structure, which reinvests interest income rather than distributing it as cash. With a low total expense ratio of 0.09% per annum, it is attractive for cost-sensitive institutional and individual investors. The ETF is unhedged against currency risk, as its holdings and base currency are in euros, making it suitable for those seeking direct euro sovereign bond exposure. Its "long-only" strategy means it does not engage in short-selling or leverage, reflecting straightforward participation in the euro government bond market.