Amundi ETF DAX

ETF description

This ETF aims to follow the performance of a group of large companies listed on the German stock exchange. Specifically, it tracks the DAX index, which includes 40 of the biggest and most actively traded firms in Germany. These companies operate in a wide range of industries, including automotive, chemicals, finance, and healthcare. Because the ETF reflects the movements of the DAX index, its value can go up or down depending on how these major German businesses perform.

This ETF may appeal to investors who want to gain broad exposure to Germany’s economy through its largest publicly traded companies.

Issuer details

Amundi Asset Management is the largest asset manager in Europe, with over €2 trillion in assets under management as of June 2024. Amundi offers a comprehensive range of investment products, including ETFs, mutual funds, active management, and alternative investments, covering a wide array of market segments such as equities, fixed income, multi‑asset, alternatives, and ESG (Environmental, Social, Governance). Founded in 2010 through the merger of the asset management arms of Crédit Agricole and Société Générale, Amundi has a strong commitment to ESG investing and innovation, striving to deliver cost‑efficient solutions to its clients. With an extensive global presence, Amundi’s notable ETFs include the Amundi MSCI World UCITS ETF and the Amundi Prime Global UCITS ETF, highlighting its dedication to providing diversified and sustainable investment options.

Index details

The equities in the DAX Index are leading securities traded in the German markets. It includes the 40 highest and most actively traded market caps on the ‘Prime Standard’ market segment of the Frankfurt Stock Exchange.