Amundi MSCI USA Ex Mega Cap UCITS ETF Acc

The Amundi MSCI USA Ex Mega Cap UCITS ETF Acc is an exchange-traded fund designed to provide investors with exposure to large- and mid-cap U.S. equities, while intentionally excluding the country’s largest "mega-cap" companies. The fund seeks to replicate the performance of the MSCI USA Ex Mega Cap Select Index, which hedges against the concentration risk associated with the largest market capitalizations in broad U.S. indices. With approximately 528 holdings, the ETF encompasses a diverse portfolio across sectors such as industrials, technology, financials, and healthcare, with the top 10 holdings accounting for just over 8% of the total assets. Notable constituents include ServiceNow, Walt Disney, AT&T, and Intuitive Surgical. The ETF employs full physical replication, purchasing the underlying securities directly, and adopts an accumulating distribution policy, reinvesting any income rather than paying out dividends to investors. Launched in November 2024 and domiciled in Ireland, it offers a competitive annual total expense ratio of 0.15%. By excluding the mega-cap segment, this ETF allows investors to fine-tune their U.S. equity exposure, potentially reducing correlation with the price movements of the largest and most influential U.S. stocks.