Amundi Core S&P 500 Swap UCITS ETF EUR Hedged Dist
LYP2.DE
Deutsche Börse- -
EUR
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 5 Allée Scheffer Luxembourg City Luxembourg L-2520
- IPO Date
- Jan 20, 2021
- Website
- amundietf.nl
- Similar Companies
- Business
- Amundi Core S&P 500 Swap UCITS ETF EUR Hedged Dist (LYP2.DE) is an exchange-traded fund that seeks to replicate, as closely as possible and whether the trend is rising or falling, the performance of the S&P 500 Net Total Return index while minimizing exposure to USD/EUR exchange rate fluctuations through a currency hedging mechanism. The ETF employs a synthetic replication strategy via unfunded swaps, offers annual dividend distributions to investors, and maintains a total expense ratio of 0.07% p.a.; it is denominated in EUR with a fund size of approximately EUR 1,437 million and is domiciled in Luxembourg, where it was listed on August 19, 2013. Issued by Amundi ETF, a division of Amundi Luxembourg S.A.—part of the Amundi group, Europe's largest asset manager founded in 2010 and headquartered in Paris, France—the product targets professional and retail investors seeking long-only exposure to U.S. large-cap equities with currency hedging, and is available for sale in markets including Germany, Austria, France, and Italy. The ETF provides exposure to the 500 largest U.S. companies by market capitalization across diverse sectors, with performance adjusted for hedging costs and swap counterparty risk mitigated through collateralization; it does not focus on sustainability factors and operates without securities lending. Amundi ETF's broader product suite includes UCITS-compliant ETFs tracking equity indices, fixed income, commodities, and multi-asset strategies, distributed globally through exchanges like Xetra and Frankfurt Stock Exchange. In recent developments, Amundi completed key strategic transactions in 2024, including the acquisition of private asset specialist Alpha Associates in April, the aixigo wealth tech firm in November, and a partnership with Victory Capital signed in July 2024—expected to close in early 2025—to combine Amundi's U.S. business and establish reciprocal 15-year distribution agreements for cross-regional active asset management products. Further, Amundi announced a long-term strategic and equity partnership with Intermediate Capital Group (ICG) in November 2025 to develop private markets products for wealth investors, alongside Amundi acquiring a 9.9% economic stake in ICG. These moves align with Amundi's Ambitions 2025 plan, emphasizing external growth, digital partnerships (adding 12 new deals in 2024, totaling 45 in Europe and Asia), and expansion in alternatives and U.S. distribution, while maintaining over EUR 2 trillion in group assets under management.