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Leveraged strategy (2x daily): amplifies the index's daily moves

Amundi MSCI World (2x) Leveraged UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: FR0014010HV4Ticker: LVWCIssuer: AmundiClass: Acc
Issuer-declared data
Declared index
MSCI World Leveraged 2X Daily (Net) USD Index
TER
0.60%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
205.9 mln EUR
NAV
6.29 USD (1 September 2026)
Domicile
France
Inception date
30 September 2025
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi MSCI World (2x) Leveraged UCITS ETF Acc tracks the issuer-declared index: MSCI World Leveraged 2X Daily (Net) USD Index. 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 206 million euro, was launched on 30 September 2025 and is domiciled in France.

The fund’s objective — in the issuer’s words

By subscribing to Amundi MSCI World (2x) Leveraged UCITS ETF - Acc, you are investing in a passive management UCITS whose objective is to replicate, as accurately as possible, the performance of the MSCI World Leveraged x2 Daily Net Index (the "Strategy Index"), regardless of its performance, positive or negative, while minimising the tracking error between the performance of the Fund and that of the Strategy Index. The expected Tracking Error under normal market conditions is indicated in the Fund's prospectus. The Strategy Index, net dividends reinvested (the net tax dividends paid by the equities composing the index are included in the calculation of the index), denominated in dollars (USD), is calculated and published by the index provider MSCI. You are exposed to the currency risk between the currencies of the equities comprising the Strategy Index and the Fund's currency. The Strategy Index, the MSCI World Leveraged x2 Daily Net Index, measures the performance of a strategy which consists of doubling exposure to the MSCI World index. It therefore offers dual exposure – upward or downward – to changes in the MSCI World index. Thus, if the MSCI World index increases by 1%, the Fund's NAV will increase by 2%, less any borrowing costs, and conversely, if the index decreases by 1%, the Fund's NAV will decrease by 2%, less any borrowing costs. The equities included in the composition of the MSCI World Index are derived from the universe of large- and mid-cap companies listed on developed markets. The leverage effect is daily. The performance of the leveraged index over a period greater than one day may therefore differ by 2 times the performance of the unleveraged index over the same period. More information on the composition and operating rules of the Strategy Index can be found in the prospectus and on msci.com. The Strategy Index is available via Bloomberg (MXWOLDNU). In order to replicate the Index, the UCITS exchanges the performance of the assets held by the Fund for that of the Index by entering into one or more swaps (synthetic replication of the Index). You will have a permanent investment, via the Basket, of at least 75% in securities eligible for the French Equity Savings Plan (PEA, a savings plan reserved for French investors).

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 seeking to increase the value of their investment over the recommended holding period and 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 Subfund 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 KID’s “Objectives” section · 7 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.60%: above the median of equity ETFs we track (0.22%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Sept 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+27.3%
Annualised
+29.3%
Volatility (ann.)
23.7%
Max drawdown
-17.50%
-11%+0%+12%+23%+35%Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+27%Sept 2025Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%20252026−17.50% · 30 Mar 2026
Max drawdown
-17.50%
peak → trough
Trough
30 Mar 2026
from the 25 Feb 2026 peak
Recovery time
17 days
recovery only: trough to break-even
Underwater
50 days
decline + recovery: peak to break-even · → recovered on 16 Apr 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
25 Feb 202630 Mar 2026-17.50%16 Apr 202650
28 Oct 202520 Nov 2025-9.49%11 Dec 202544
02 Jun 202610 Jun 2026-7.99%03 Aug 202662
06 Oct 202510 Oct 2025-5.27%24 Oct 202518
27 Jan 202605 Feb 2026-4.84%09 Feb 202613

Calendar-year returns

2025
4.4%
2026
21.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.00.9-12.919.48.8-2.10.44.7-0.121.9
20253.4-0.01.04.4
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last year
Volatility (ann.)22.15%
Max drawdown-15.35%
Sharpe1.21
Sortino1.77
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
41
Top-10 weight
54.5%

Top 10 holdings

AIRBUS SE PARIS · AIR FP
8.29%
BAYER AG-REG · BAYN GY
7.05%
SIEMENS ENERGY AG · ENR GY
6.98%
SAMPO OYJ-A SHS · SAMPO FH
6.14%
ASML HOLDING NV · ASML NA
4.81%
RWE AG · RWE GY
4.54%
DEUTSCHE TELEKOM NAMEN (XETRA) · DTE GY
4.37%
INFINEON TECHNOLOGIES AG · IFX GY
4.23%
SIEMENS AG-REG · SIE GY
4.11%
DHL GROUP (XETRA) · DHL GY
3.98%
Download the full portfolio — Excel, 42 rows
Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfLVWC9 Oct 2025
Börse FrankfurtLVWC9 Oct 2025
Börse HamburgLVWC10 Oct 2025
Börse HannoverLVWC13 Oct 2025
Börse München / gettexLVWC9 Oct 2025
Börse StuttgartLVWC10 Oct 2025
Euronext ParisLWLD9 Oct 2025
Tradegate ExchangeLVWC10 Oct 2025
Xetra (Deutsche Börse)LVWC9 Oct 2025
+ 12 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi MSCI World (2x) Leveraged UCITS ETF Acc track?
The issuer Amundi declares the benchmark: MSCI World Leveraged 2X Daily (Net) USD Index.
How much does LVWC cost?
The issuer-declared TER is 0.60% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of LVWC?
The fund size declared by Amundi is about 206 million euro.
When was LVWC launched?
The fund was launched on 30 September 2025: it has been trading for 345 days: the page fills up as the issuer publishes data.
How does LVWC replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does LVWC pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does LVWC trade?
Per the official ESMA register it trades on 9 main exchanges, including Börse Düsseldorf (LVWC), Börse Frankfurt (LVWC), Börse Hamburg (LVWC), Börse Hannover (LVWC), Börse München / gettex (LVWC), Börse Stuttgart (LVWC).
What was LVWC's worst fall?
Over the available history (since 2025), the maximum drawdown was -17.50%, reached in March 2026. Past performance is not indicative of future results.
How many securities does LVWC hold?
The declared portfolio holds 41 securities; the top 10 positions weigh 54.5%.
Transparency note
The data in this sheet is declared by Amundi in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.