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Amundi CAC 40 Daily (-2x) Inverse UCITS ETF Acc tracks the issuer-declared index: CAC 40 Double Short Gross Return. The declared annual cost (TER) is 0.60%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 190 million euro, was launched on 19 April 2018 and is domiciled in France.
The Fund is a passively managed index-based UCITS. The Fund's objective is to be inversely exposed with a daily rebalancing to the French stock market by replicating, both upwards and downwards, the performance of the CAC 40 Double Short GR strategy index (gross dividends reinvested) (the "Benchmark"), denominated in euro (EUR) and which is a short selling strategy (with a daily -2x leverage effect), with daily rebalancing, on the CAC 40® index (gross dividends reinvested) (the "Parent Index"), the main French stock exchange index, while minimising the tracking error between the Fund's performance and that of the Benchmark. The expected level of the Tracking Error under normal market conditions is indicated in the Fund prospectus. Over a period of one working day, any appreciation in the value of the Parent Index shall lead to stronger depreciation of the net asset value of the Fund, meaning that investors will therefore not benefit from the appreciation in the value of the Parent Index. However, for a period greater than one working day, due to the daily leverage readjustment conducted in the Benchmark, the performance of the Fund will not be equal to double the inverse of the performance of the Parent Index and may even follow an identical (i.e. not inverse) development. The Euronext website (www.euronext.com) provides more detailed information about Euronext indices. The Fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (forward financial instruments, "FFIs"). The Fund may invest in a diversified portfolio of international shares whose performance will be exchanged against that of the Benchmark through FFIs. The updated composition of the portfolio of securities held by the Fund is mentioned on the website amundietf.com. In addition, the indicative net asset value appears on the Fund's Reuters and Bloomberg pages and may also be mentioned on the Fund's stock exchange websites. The Fund is eligible for the French Plan d'Epargne en Actions (PEA) and, consequently, invests a minimum of 75% of its assets in the shares of European Union countries.
Keep reading the KID section ▾
Intended retail investors:This product is intended for investors with an average amount of knowledge and some experience of investing in funds who are able to bear a loss of up to the full amount invested. The product is not open to residents of the United States of America/"U.S. Person" (the definition of "U.S. Person" is available on the Management Company's website www.amundi.com and/or in the prospectus). Redemption and transaction: The Sub-fund's shares are listed and traded on one or more stock exchanges. Under normal circumstances, you can trade shares during stock exchange trading hours. Only authorised participants (e.g. selected financial institutions) can trade shares directly with the Sub-fund on the primary market. Further details are provided in the MULTI UNITS FRANCE prospectus.
Distribution Policy:As this is a non-distributing share class, investment income is reinvested. More information: Further information regarding this product, including the prospectus and financial reports, is available free of charge on request from: Amundi Asset Management, 91-93 boulevard Pasteur, 75015 Paris, France.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 16 Nov 2012 | 10 Aug 2026 | -98.21% | ongoing | 5,044 |
| 10 Oct 2012 | 18 Oct 2012 | -9.65% | 16 Nov 2012 | 37 |
| 04 Oct 2012 | 05 Oct 2012 | -3.29% | 09 Oct 2012 | 5 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.8 | -10.1 | 19.6 | -8.8 | -4.9 | -5.4 | -2.5 | 4.6 | 0.5 | -8.8 | |||
| 2025 | -13.8 | -3.6 | 8.3 | 1.8 | -7.3 | 2.0 | -2.7 | 1.6 | -4.8 | -5.6 | 0.0 | -0.6 | -23.6 |
| 2024 | -2.7 | -6.1 | -6.1 | 4.8 | -2.3 | 13.8 | -1.1 | -2.2 | -0.2 | 8.4 | 3.4 | -3.6 | 4.2 |
| 2023 | -16.8 | -5.1 | -2.5 | -5.4 | 8.5 | -8.2 | -2.7 | 5.4 | 5.4 | 7.9 | -11.0 | -5.6 | -28.8 |
| 2022 | 2.8 | 8.5 | -4.6 | 1.7 | -2.6 | 16.7 | -16.9 | 10.2 | 11.5 | -16.3 | -13.9 | 7.6 | -2.6 |
| 2021 | 4.7 | -10.9 | -12.5 | -7.2 | -8.3 | -2.9 | -4.1 | -2.6 | 3.6 | -9.4 | 2.0 | -12.8 | -47.3 |
| 2020 | 4.9 | 17.6 | 25.5 | -10.9 | -9.0 | -12.5 | 4.2 | -7.4 | 4.3 | 8.0 | -32.7 | -2.2 | -21.4 |
| 2019 | -11.1 | -9.8 | -4.9 | -9.5 | 10.4 | -12.8 | 0.1 | -0.1 | -7.5 | -2.7 | -6.3 | -3.2 | -45.7 |
| 2018 | -6.6 | 5.1 | 4.9 | -13.5 | 0.7 | 1.3 | -7.2 | 3.3 | -3.8 | 14.9 | 3.0 | 9.9 | 9.0 |
| 2017 | 4.4 | -4.9 | -10.8 | -6.9 | -4.4 | 5.1 | 0.4 | -0.2 | -9.5 | -6.6 | 4.4 | 1.4 | -25.7 |
| 2016 | 8.0 | 0.0 | -2.8 | -3.9 | -7.4 | 7.3 | -9.8 | -0.6 | -1.6 | -3.3 | -3.8 | -12.1 | -27.7 |
| 2015 | -15.3 | -13.8 | -4.2 | -2.2 | -2.0 | 6.4 | -12.7 | 15.7 | 6.2 | -18.4 | -3.3 | 12.0 | -32.5 |
| 2014 | 5.7 | -11.0 | -0.4 | -5.3 | -4.7 | 3.1 | 7.5 | -6.7 | -2.4 | 6.9 | -7.8 | 3.2 | -13.1 |
| 2013 | -5.3 | -0.9 | -1.4 | -8.2 | -8.7 | 9.3 | -13.1 | 2.4 | -10.6 | -7.6 | -0.5 | -1.3 | -38.8 |
| 2012 | -8.1 | -5.2 | -13.4 |
| Year | Fund | Index | Difference |
|---|---|---|---|
| 2025 | -23.55% | -24.32% | +0.76% |
| 2024 | +4.19% | +4.06% | +0.13% |
| 2023 | -28.80% | -28.27% | -0.54% |
| 2022 | -2.61% | -1.88% | -0.73% |
| 2021 | -47.34% | -46.91% | -0.43% |
| 2020 | -21.44% | -20.77% | -0.68% |
| 2019 | -45.70% | -45.19% | -0.50% |
| 2018 | +9.00% | +9.93% | -0.93% |
| 2017 | -25.66% | -25.00% | -0.66% |
| 2016 | -27.75% | -27.12% | -0.63% |
| Last year | Last 3 years | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 27.49% | 28.39% | 32.66% | 34.75% | 35.86% |
| Max drawdown | -26.90% | -46.13% | -66.75% | -93.61% | -98.21% |
| Sharpe | -0.65 | -0.41 | -0.44 | -0.59 | -0.61 |
| Sortino | -0.88 | -0.58 | -0.62 | -0.85 | -0.88 |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
FR0010411884Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | LSK2 | 22 Nov 2018 |
| Börse Hamburg | LSK2 | 15 Feb 2021 |
| Börse Hannover | LSK2 | 20 Jan 2026 |
| Börse München / gettex | LSK2 | 12 May 2014 |
| Börse Stuttgart | LSK2 | 23 Feb 2026 |
| Euronext Paris | BX4 | 16 Jan 2007 |