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Amundi Core EUR High Yield Bond UCITS ETF GBP Hedged Acc tracks the issuer-declared index: iBoxx EUR Liquid High Yield Index TRI. Mind the share class: this is the version hedged to GBP — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.17%, plus 0.50% in transaction costs estimated by the issuer in the KID. Replication is direct physical replication; income is accumulated and reinvested in the fund. The fund has assets of about 467 million euro, was launched on 16 December 2025 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring the same index.
The Sub-Fund is passively managed. The investment objective of this Sub-Fund is to reflect the performance of the “iBoxx EUR Liquid High Yield Index” (the “Benchmark Index”) denominated in EUR, in order to offer an exposure to EUR-denominated liquid corporate bonds rated sub-investment grade, while minimizing the volatility of the difference between the return of the Sub-Fund and the return of the Benchmark Index (the “Tracking Error”). The anticipated level of Tracking Error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. The Benchmark Index is a bond index calculated and published by the international index provider S&P Dow Jones Indices. The Benchmark Index is a “total return index” (i.e. all coupons detached by the components of the Benchmark Index are reinvested in the Index). More information about the composition https://www.spglobal.com/spdji/ of the Benchmark Index and its operating rules are available in the prospectus and at: The exposure to the Index will be achieved through a direct replication, mainly by making direct investments in transferable securities and/or other eligible assets representing the Benchmark Index constituents in a proportion extremely close to their proportion in the Benchmark Index. The Investment Manager will be able to use derivatives in order to deal with inflows and outflows and which relate to the Benchmark Index or constituents of the Index for investment and/or efficient portfolio management. In order to generate additional income to offset its costs, the Sub-Fund may also enter into securities lending operations. The Index value is available via Bloomberg (IBOXXMJA).
Keep reading the KID section ▾
Intended Retail Investor:This product is intended for investors, with a basic knowledge of and no or limited experience of investing in funds seeking to increase the value of their investment over the recommended holding period with the ability to bear losses up to the amount invested.
Redemption and Dealing:The Sub-Fund's shares are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in shares during the trading hours of the stock exchanges. Only authorised participants (e.g., selected financial institutions) may deal in shares directly with the SubFund on the primary market. Further details are provided in the MULTI UNITS LUXEMBOURG prospectus.
Distribution policy:As this is a non-distributing share class, investment income is reinvested. the accumulation share automatically retains, and re-invests, all attributable income within the Sub-Fund; thereby accumulating value in the price of the accumulation shares.
More Information:You may get further information about the Sub-Fund, including the prospectus, and financial reports which are available at and free of charge on request from: Amundi Luxembourg S.A. at 5, allée Scheffer 2520 Luxembourg, Luxembourg.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 26 Feb 2026 | 30 Mar 2026 | -2.57% | 07 May 2026 | 70 |
| 16 Jul 2026 | 29 Jul 2026 | -0.43% | 04 Aug 2026 | 19 |
| 14 May 2026 | 19 May 2026 | -0.40% | 27 May 2026 | 13 |
| 17 Aug 2026 | 08 Sept 2026 | -0.27% | ongoing | 22 |
| 10 Feb 2026 | 13 Feb 2026 | -0.21% | 19 Feb 2026 | 9 |
We do not publish a tracking difference for this share class — and it is not an oversight.
GHYA is hedged to GBP; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the GBP-hedged index series, which the issuer does not publish today.
| Full history | |
|---|---|
| Volatility (ann.) | 4.07% |
| Max drawdown | -2.93% |
| Sharpe | 0.98 |
| Sortino | 1.45 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.
Source: factsheet Amundi, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.
Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.
| Fund | TER | Income | Fund size |
|---|---|---|---|
AEHY · Amundinot on Borsa Italiana | 0.15% | Acc. | 75 mln EUR |
| Exchange | Ticker |
|---|---|
| London Stock Exchange | GHYA |
| LSE | — |