"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.