Overview
Description
The iShares Nasdaq 100 EUR-H Acc Fund is an exchange-traded fund (ETF) that seeks to track the performance of the Nasdaq 100 Index, one of the premier benchmarks for large non-financial companies listed on the Nasdaq Stock Market. Its primary function is to provide investors with exposure to the technological and innovative companies that dominate this index, such as those in the technology, healthcare, and consumer discretionary sectors. The "EUR-H" in its name indicates that this fund includes currency hedging to mitigate the impact of Euro/USD exchange rate fluctuations on investment returns, an attractive feature for Euro-based investors looking to minimize currency risk. As an accumulation fund, it reinvests dividends back into the fund, potentially enhancing compound growth over time. In the financial market, this fund plays a significant role in facilitating access to top-tier Nasdaq stocks, making it an essential tool for portfolio diversification. Its encompassing nature provides a comprehensive view of market leaders driving technological and consumer trends globally.
About
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Website
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Instrument type
ETF
Country
Germany
MIC code
XETR