- Business
- Amundi EURO STOXX 50 Daily (2x) Leveraged UCITS ETF Acc (LVE.PA) is a UCITS-compliant exchange-traded fund that seeks to deliver twice the daily performance of the EURO STOXX 50 Index, net of fees and expenses, through synthetic replication via unfunded swap agreements with Société Générale; the fund employs a daily resetting leverage mechanism, resulting in a volatility approximately double that of the underlying benchmark, and capitalizes dividends for reinvestment. Managed by Amundi Asset Management SAS and domiciled in France as a SICAV structure, it targets institutional and retail investors seeking amplified exposure to large-cap Eurozone equities across diversified sectors including finance, industrials, consumer goods, and energy; the ETF lists on Euronext Paris, Borsa Italiana, and Deutsche Boerse with ticker symbols LVE, DJLEV, and LYMZ, respectively, and maintains assets under management of approximately EUR 152 million with an ongoing charge of 0.40%. Launched on June 4, 2007, the fund operates without currency hedging and focuses geographically on the Eurozone, providing unhedged EUR-denominated access available for sale in France, Germany, Italy, Spain, Switzerland, and the United Kingdom.
Amundi, the ETF's provider and Europe's leading asset manager founded in 2010 through the merger of Crédit Agricole Asset Management and Société Générale Asset Management, is headquartered in Paris, France, and oversees more than EUR 2 trillion in assets globally across equities, fixed income, multi-asset, alternatives, and ETF segments serving over 100 million clients. In recent developments, Amundi executed a definitive strategic partnership with Victory Capital in late 2024, integrating Amundi US operations and establishing reciprocal 15-year distribution agreements to expand active asset management offerings in the US and beyond; additionally, in November 2025, Amundi announced a long-term equity partnership with Intermediate Capital Group (ICG), under which Amundi will acquire a 9.9% non-dilutive economic stake by mid-2027 and serve as exclusive global distributor of ICG's evergreen private markets strategies in the wealth channel. The firm has also pursued ETF expansions, including the merger of select equity ETFs effective February 2025 to streamline its lineup, alongside new launches such as active money market ETFs, MSCI USA Mega Cap UCITS ETFs, and others to enhance its passive and active product range amid growing demand for tailored equity and fixed-income solutions.