Amundi CAC 40 Daily (-2x) Inverse UCITS ETF Acc is an exchange-traded fund designed to deliver twice the inverse daily performance of the CAC 40 Gross Total Return Index, which tracks the 40 largest French companies by free float market capitalization. Launched in 2007 and domiciled in France, this UCITS-compliant ETF employs synthetic replication through swap agreements to achieve its leveraged short strategy, targeting public equity markets across diversified sectors dominated by large-cap stocks. With a total expense ratio of 0.60% per annum and a fund size of approximately 202 million euros, it reinvests dividends automatically as an accumulating vehicle, avoiding distributions to investors. The ETF's holdings consist primarily of total return swaps, providing exposure without direct ownership of underlying securities. It serves as a tactical tool in portfolios for hedging against declines in the French equity benchmark or expressing bearish views on the CAC 40, amid elevated volatility inherent to daily leveraged inverse products. Managed by Amundi ETF, it underscores the role of structured ETFs in enabling sophisticated short and leverage strategies within European markets.