Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF Acc (BXX.PA)

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The Amundi EURO STOXX 50 Daily (-2x) Inverse UCITS ETF Acc is a UCITS-compliant Exchange Traded Fund (ETF) designed to mirror the performance of its underlying benchmark, the EURO STOXX 50 Double Short Index. This Double Short Index tracks the EURO STOXX 50 Index inversely with a 2x leverage. This means that a positive movement in the EURO STOXX 50 Index leads to a magnified negative change (2x) in the Double Short Index, and vice versa. For instance, if the underlying EURO STOXX 50 Index declines by 2%, the EURO STOXX 50 Double Short Index would typically increase by 4%, and conversely. Additionally, the index incorporates interest earned on the investment (using EONIA for daily and EURIBOR for monthly calculations) and accounts for monthly borrowing costs. Like other Amundi ETFs, this fund offers investors a transparent, liquid, and economical way to gain exposure to its target benchmark, being listed and traded on exchanges.