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Amundi Euro Highest Rated Macro-Weighted Government Bond 3-5Y UCITS ETF Acc
Amundi Euro Highest Rated Macro-Weighted Government Bond 3-5Y UCITS ETF Acc is a UCITS-compliant exchange-traded fund managed by Amundi Luxembourg SA, designed to track the FTSE Eurozone Highest Rated Macro-Weighted Government Bond 3-5Y (Mid Price) Index. It provides physical replication of a portfolio focused on euro-denominated government bonds from Eurozone countries with the highest credit ratings, typically AA or above, maturing between 3 and 5 years. Key portfolio characteristics include a modified duration of 3.91 years, an average rating of AA, and a yield to maturity of 2.26%, with holdings numbering around 34 bonds and approximately 92% allocated to the 3-5 year maturity bucket. As an accumulating ETF, it reinvests interest income, supporting long-term capital growth without distributions. Launched in November 2011 with an initial NAV of 100 EUR, it maintains a low total expense ratio of 0.17% and assets under management around 50-53 million EUR. This ETF plays a crucial role in fixed-income portfolios, offering targeted exposure to low-risk, macro-weighted sovereign debt amid varying interest rate environments, emphasizing stability and credit quality in the Eurozone government bond market.