Amundi Nasdaq-100 EUR Hedged Fund

The Amundi Nasdaq-100 EUR Hedged Fund is a type of exchange-traded fund (ETF) that provides European investors exposure to the performance of the Nasdaq-100 Index while hedging against currency risk associated with fluctuations between the euro and the US dollar. This fund allows investors to benefit from the growth of some of the largest and most innovative companies listed on the Nasdaq Stock Market. The Nasdaq-100 is well-known for its heavy weighting in the technology sector, featuring tech giants such as Apple, Amazon, Microsoft, and Alphabet, among others. The primary function of this fund is to replicate the performance of the Nasdaq-100 Index, while mitigating the exchange rate volatility by hedging the currency exposure. This makes it an attractive option for investors looking to gain equity exposure to U.S. technology and consumer sectors without the added complexity of managing currency risk. Its role in the market is significant as it caters to those seeking diversification across major industries such as biotechnology, telecommunications, and consumer electronics, within a largely tech-focused index. Moreover, by providing currency hedging, it enhances the investment appeal to euro-denominated portfolios.