Amundi Europe Equity Multi Smart Allocation Scientific Beta UCITS ETF - EUR (C)
ISIN LU1681039563 Rating ★★★☆☆
Replication
synthetic
Earnings
accumulating
Asset class
Equity
Region
Europe
Strategy
Multi Factor
TER
0.40 %
TD
0.28 %
Currency
EUR
Fund size
6 Mio EUR
Perf. 2022
-15.90 %
"Amundi Europe Equity Multi Smart Allocation Scientific Beta UCITS ETF - EUR (C)" is an exchange-traded investment fund (ETF). It refers to the Scientific Beta Extended Developed Europe Multi-Beta Multi-Strategy ERC Index. This index reflects the development of European stocks . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company Amundi claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2017 was 0.28% per year. Therefore, the ETF was less expensive than the TER suggests.