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Amundi Global ex-US Government Bond UCITS ETF USD Hedged Acc tracks the issuer-declared index: Bloomberg Global Treasury Large Markets DM ex US Index USD Hedged. Mind the share class: this is the version hedged to USD — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.22%, plus 0.02% 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 1 million euro, was launched on 26 March 2026 and is domiciled in Luxembourg.
This Sub-Fund is passively managed. The objective of this Sub-Fund is to track the performance of Bloomberg Global Treasury Large Markets DM ex US Index (the "Index") and to minimizethe tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of the tracking error, under normalmarket conditions, is indicated in the prospectus of the Sub-Fund. The Index is a Total Return Index: the coupons paid by the index constituents are included in the index return. The Index is a subset of its parent index, the Bloomberg Global Treasury Large Markets Index, (the "Parent Index"), filtering and excluding the securities issued by the US or by a country on the Bloomberg Indices Emerging Markets Country List. The Index is a multi-currency benchmark, measuring the performance of fixed-rate, local government debt of investment grade countries. More information about the composition of the Index and its operating rules are available in the prospectus and at: www.bloomberg.com. The Indexvalue is available via Bloomberg (I40296US). The exposure to the Index will be achieved through a direct replication, mainly by making direct investments in transferable securities and/or other eligibleassets representing the Index constituents. The sub-fund intends to implement a sampled replication model in order to track the performance of the Indexand it is therefore not expected that the sub-fund will hold each and every underlying component of the Index at all times or hold them in the sameproportion as their weightings in the Index. The sub-fund may also hold some securities which are not underlying components of the Index. The Investment Manager will be able to use derivatives in order to deal with infl ows and outfl ows and which relate to the Index or constituents of theIndex for investment and/or effi cient portfolio management. In order to generate additional income to off set its costs, the Sub-Fund may also enter into securities lending operations.
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 Amundi Index Solutions 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 Jun 2026 | 02 Sept 2026 | -2.49% | ongoing | 74 |
| 08 Apr 2026 | 19 May 2026 | -1.53% | 25 May 2026 | 47 |
| 29 May 2026 | 08 Jun 2026 | -0.77% | 15 Jun 2026 | 17 |
| 02 Apr 2026 | 07 Apr 2026 | -0.58% | 08 Apr 2026 | 6 |
| 18 Jun 2026 | 19 Jun 2026 | -0.42% | 24 Jun 2026 | 6 |
We do not publish a tracking difference for this share class — and it is not an oversight.
GXUH is hedged to USD; 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 USD-hedged index series, which the issuer does not publish today.
| Full history | |
|---|---|
| Volatility (ann.) | 5.31% |
| Max drawdown | -4.80% |
| Sharpe | -0.91 |
| Sortino | -1.25 |
| Exchange | Ticker |
|---|---|
| LSE | — |