Amundi Nasdaq-100 EUR Hedged

The Amundi Nasdaq-100 EUR Hedged is an exchange-traded fund (ETF) designed to reflect the performance of the Nasdaq-100 Index while mitigating the impact of fluctuations in the exchange rate between the Euro and US Dollar. This ETF is particularly focused on providing European investors with access to the growth potential of top technology and innovative firms listed on the Nasdaq stock market, such as Apple, Amazon, and Microsoft, without the currency risk typically associated with international investments. A defining feature of this ETF is its currency hedging mechanism, which aims to protect investors against adverse movements in currency rates, ensuring that returns are more directly correlated to the performance of the underlying securities in the index rather than external currency variables. The fund is heavily weighted towards sectors such as information technology, healthcare, and consumer discretionaries, reflecting its exposure to high-growth areas of the market. In the financial market landscape, Amundi Nasdaq-100 EUR Hedged plays an important role for investors seeking diversified exposure to robust foreign equities while managing currency risk, making it an attractive choice for those looking to invest in global tech giants from a Eurozone perspective.