"Amundi JPX-Nikkei 400 UCITS ETF - Daily Hedged EUR (C)" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the JPX-Nikkei 400 EUR Hedged Index. This index reflects the development of Japanese 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 0.18% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.41% per year. Therefore, the ETF was more expensive than the TER suggests.