Long/Short, Relative Value & Event Driven
Amundi Euro Inflation Expectations 2-10Y UCITS ETF
Amundi Asset Management
ISIN LU1390062245
- AUM
- £215.0mAs of 16 Sept 2026
- OCF / TER
- 0.25%
- Inception Date
- 13 Apr 2016
- Domicile
- Luxembourg
- Base Currency
- EUR
- Instrument Type
- ETF
Fund Overview
Investment Objective
The investment objective is to reflect the performance of the Markit iBoxx EUR Breakeven Euro-Inflation France & Germany Index" ("Benchmark Index") denominated in EUR, in order to offer an exposure to a long position in inflation-linked bonds issued by France and Germany and a short position in France and Germany sovereign bonds with adjacent durations, while minimizing the volatility of the difference between the return of the Fund and the return of the Benchmark Index (the "Tracking Error").
AltETF Comments
Synthetic breakeven-inflation ETF isolating euro inflation expectations rather than conventional long-only bond market exposure. The strategy pairs long French and German inflation-linked sovereign bonds against short adjacent-duration nominal sovereign bonds through swap-based implementation. Principal return drivers are changes in euro breakeven inflation, relative real-versus-nominal rate moves and the carry/funding of the long/short structure, with conventional exposure concentrated in euro rates and inflation regimes.
Fees & Share Class
| Ongoing Charges | 0.25% |
|---|---|
| Share Class Currency | EUR |
| Income Treatment | Accumulating |
| Currency Hedging | Unhedged |
| Other Available Share Classes | GBP Acc |
| Registrations for Public Distribution | AT, CH, DE, DK, ES, FI, FR, GB, IE, IT, LU, NL, NO, SE, SG |
| UK Reporting Fund Status | Yes |
Management & Structure
| Legal Issuer | MULTI UNITS LUXEMBOURG |
|---|---|
| Asset Manager | Amundi Asset Management |
| Administrator | Société Générale |
| Custodian or Depositary | Société Générale |
| Domicile | Luxembourg |
| Legal Structure | SICAV |
| Instrument Type | ETF |
| Management Approach | Index-tracking |
| Implementation Method | Synthetic - indirect replication via over-the-counter swap |
| Underlying Index | Markit iBoxx EUR Breakeven Euro-Inflation France & Germany Index |
| SFDR Classification | Article 6 |
Performance & Statistics
- MTD
- 0.5% as of 16 Sept 2026
- YTD
- 4.6% as of 16 Sept 2026
- 1Y
- 4.3%
- 3Y Annualised
- 2.0%
- 5Y Annualised
- 4.3%
Monthly Returns (%)
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year Return |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.6% | -0.3% | 2.3% | 0.7% | -0.7% | -0.2% | 1.1% | 0.6% | — | — | — | — | 4.1% |
| 2025 | 0.5% | -0.3% | 0.7% | -0.8% | 0.1% | 0.6% | 0.2% | -0.1% | 0.1% | 0.0% | 0.1% | -0.0% | 1.2% |
| 2024 | -0.1% | 0.8% | 0.2% | 1.0% | 0.0% | 0.1% | -0.4% | -0.3% | -0.1% | 0.6% | 0.1% | 0.1% | 2.0% |
| 2023 | -0.7% | 2.4% | -1.1% | 0.2% | 0.3% | 0.4% | 0.9% | -0.1% | 0.1% | 0.2% | -0.8% | -0.7% | 1.1% |
| 2022 | 1.0% | 1.9% | 3.8% | 2.8% | -1.0% | -1.2% | 1.2% | 1.2% | -2.0% | 2.3% | 0.4% | 0.1% | 10.7% |
| 2021 | 0.8% | 0.2% | 1.4% | 0.4% | 0.7% | -0.1% | 0.5% | 0.4% | 1.3% | 0.5% | -0.1% | 1.0% | 7.3% |
| 2020 | -0.7% | -0.8% | -3.2% | 0.5% | 0.2% | 0.5% | 0.6% | 0.1% | -1.2% | -0.3% | 1.1% | 0.3% | -2.9% |
| 2019 | -0.2% | -0.2% | -0.7% | 0.3% | -0.8% | -0.2% | 0.4% | -1.0% | -0.2% | 0.2% | 0.2% | 0.4% | -1.6% |
| 2018 | -0.2% | 0.0% | -0.3% | 0.2% | 0.1% | 0.1% | -0.1% | -0.2% | -0.1% | -0.4% | -1.1% | -0.9% | -2.8% |
| 2017 | — | — | — | — | — | — | — | -0.2% | 0.1% | -0.1% | 0.2% | 0.2% | 0.2% |
As of 31 Aug 2026