"Amundi FTSE EPRA Europe Real Estate UCITS ETF - EUR (C)" is an exchange-traded investment fund (ETF). It refers to the FTSE EPRA/NAREIT Developed Europe Real Estate Index. This index reflects the development of 100 European stocks and is therefore relatively well diversified. 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 0.35% per year. The yearly average divergence from the index performance (Tracking Difference) since 2010 was 0.23% per year. Therefore, the ETF was less expensive than the TER suggests.