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Amundi IBEX 35 Doble Inverso Diario (-2x) UCITS ETF Acc tracks the issuer-declared index: IBEX 35 Double Short. 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 37 million euro, was launched on 19 April 2018 and is domiciled in France.
The Sub-fund is a passively managed index-based UCITS. The Fund's objective is to be inversely exposed with a daily rebalancing to the Spanish stock market by replicating, both upwards and downwards, the performance of the Ibex 35® Doble Inverso Total Return 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 Ibex 35® index (gross dividends reinvested) (the "Parent Index"), the main Spanish stock exchange index, while keeping the tracking error between the performances of the Fund and that of the Benchmark to a minimum. 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 the inverse of the performance of the Parent Index and may even follow an identical (i.e. not inverse) development. The Bolsa Madrid website (http://www.bolsamadrid.es/ing/aspx/Indices/Resumen.aspx) provides more detailed information about the Bolsa Madrid indices. The Fund aims to achieve its objective by means of indirect replication, namely by entering into one or more OTC swaps (financial futures 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.
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 |
|---|---|---|---|---|
| 12 Oct 2012 | 11 Aug 2026 | -98.76% | ongoing | 5,079 |
| 01 Oct 2012 | 05 Oct 2012 | -4.44% | 09 Oct 2012 | 8 |
| 10 Oct 2012 | 11 Oct 2012 | -1.76% | 12 Oct 2012 | 2 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -6.6 | -5.3 | 14.3 | -10.9 | -6.6 | -11.4 | -4.5 | -1.3 | -0.3 | -29.9 | |||
| 2025 | -12.6 | -14.2 | 3.1 | -7.4 | -11.7 | 2.1 | -6.5 | -7.4 | -6.6 | -7.3 | -5.0 | -10.4 | -58.8 |
| 2024 | 0.2 | 2.0 | -18.9 | 2.5 | -8.0 | 6.7 | -3.1 | -5.7 | -7.6 | 2.9 | 0.2 | 0.6 | -26.9 |
| 2023 | -17.9 | -7.4 | 2.0 | -2.1 | 4.3 | -11.4 | -2.2 | 3.2 | 2.1 | 8.5 | -19.3 | -0.8 | -37.2 |
| 2022 | 0.8 | 1.9 | -2.2 | -5.7 | -7.2 | 16.8 | -3.9 | 6.4 | 13.5 | -15.9 | -9.9 | 2.5 | -7.5 |
| 2021 | 6.6 | -11.7 | -8.8 | -6.4 | -8.0 | 5.8 | 1.3 | -4.2 | 0.2 | -6.8 | 17.2 | -10.5 | -25.7 |
| 2020 | 2.9 | 13.2 | 41.0 | -7.4 | -7.3 | -8.2 | 7.6 | -3.6 | 6.5 | 6.9 | -38.8 | -1.8 | -8.1 |
| 2019 | -12.6 | -5.1 | 0.3 | -8.8 | 12.1 | -5.9 | 3.5 | 2.8 | -9.5 | -2.1 | -2.7 | -5.6 | -30.9 |
| 2018 | -8.7 | 11.8 | 4.3 | -9.4 | 10.2 | -5.3 | -6.5 | 9.9 | -0.1 | 9.9 | -5.1 | 10.7 | 19.2 |
| 2017 | -0.7 | -5.3 | -17.2 | -6.5 | -3.9 | 6.7 | -2.1 | 3.1 | -2.0 | -4.8 | 5.8 | 2.0 | -24.2 |
| 2016 | 13.7 | 4.0 | -7.1 | -9.0 | -2.3 | 13.2 | -11.8 | -3.8 | -2.4 | -9.2 | 9.1 | -14.9 | -22.8 |
| 2015 | -5.1 | -14.2 | -6.9 | 0.8 | 1.0 | 6.3 | -9.5 | 15.6 | 13.0 | -16.4 | -2.1 | 15.7 | -8.0 |
| 2014 | -2.6 | -4.3 | -5.8 | -3.7 | -7.6 | -3.1 | 1.2 | -1.1 | -2.6 | 3.8 | -7.4 | 6.8 | -24.3 |
| 2013 | -7.3 | 1.3 | 6.6 | -14.2 | 1.4 | 13.1 | -18.7 | 2.5 | -19.2 | -15.6 | -0.1 | -2.8 | -45.8 |
| 2012 | -3.5 | -7.0 | -13.6 |
| Year | Fund | Index | Difference |
|---|---|---|---|
| 2025 | -58.82% | -59.26% | +0.44% |
| 2024 | -26.92% | -27.02% | +0.10% |
| 2023 | -37.22% | -36.87% | -0.35% |
| 2022 | -7.47% | -6.73% | -0.73% |
| 2021 | -25.67% | -25.02% | -0.65% |
| 2020 | -8.06% | -7.39% | -0.67% |
| 2019 | -30.86% | -30.25% | -0.61% |
| 2018 | +19.17% | +20.22% | -1.05% |
| 2017 | -24.24% | -23.56% | -0.67% |
| 2016 | -22.85% | -22.19% | -0.65% |
| Last year | Last 3 years | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 32.16% | 30.43% | 32.56% | 35.79% | 37.97% |
| Max drawdown | -49.25% | -84.00% | -90.43% | -96.19% | -98.76% |
| Sharpe | -1.91 | -1.79 | -1.20 | -0.70 | -0.64 |
| Sortino | -2.47 | -2.42 | -1.67 | -1.00 | -0.93 |
| Exchange | Ticker | Trading since |
|---|---|---|
| BME (Bolsa de Madrid) | — | 12 Dec 2011 |