The Amundi FTSE MIB Daily (-1x) Inverse UCITS ETF Acc is an exchange-traded fund designed to provide inverse daily exposure to the FTSE MIB index, which tracks the 40 largest Italian companies by market capitalization. Launched on February 8, 2008, and domiciled in France, this UCITS-compliant ETF employs synthetic replication through unfunded swaps with Société Générale as the counterparty to achieve its short strategy objectives. With approximately 24 million euros in assets under management, it features a total expense ratio of 0.60% per annum and an accumulating distribution policy, reinvesting dividends to compound returns. Unhedged against currency risk and focused exclusively on Italian equities, the fund serves investors seeking to hedge or speculate on downward movements in the Italian blue-chip market. Its daily reset mechanism makes it suitable for short-term tactical positions within diversified portfolios, highlighting its role in offering accessible inverse performance to the FTSE MIB Short index without direct short-selling complexities.