Overview
Description
The Amundi NASDAQ-100 Daily Leveraged Fund is an exchange-traded fund designed to provide investors with amplified exposure to the NASDAQ-100 Index. Its primary purpose is to achieve a daily return that corresponds to twice the performance of this renowned index, which consists of 100 of the largest non-financial companies listed on the NASDAQ Stock Market. This fund is structured as a leveraged product, meaning it uses financial derivatives and debt to enhance potential returns, thereby amplifying both gains and losses. It's particularly significant for traders and investors looking to capitalize on short-term price movements in the technology and internet sectors that dominate the NASDAQ-100. The fund accommodates strategies that require tactical allocation adjustments, making it a tool for sophisticated market participants who understand the complexities and risks of leveraged investing. As such, it holds an important role for those seeking to optimize their portfolio performance through leveraged equity exposure.
About
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Instrument type
ETF
Country
France
MIC code
XPAR