Fundology

ETF · Amundi

0MS7 Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc-

ISIN FR0010869578London Stock Exchange: 0MS7SAS Rue la Boétie

Latest close

LSE

€46.40

on

Close unchanged since 06/11/2026 — the same price has been reported every trading day since, so this line may not have traded.

Ongoing charge
0.20% a year
Fund size
£16.0m

As of , at least 15 min delayed

At a glance

As of 13/11/2026, 0MS7 (Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc-, ISIN FR0010869578) closed at €46.40 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the five years to 13/11/2026 its total return was +69.6%, or +32.4% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 13/11/2026
+4.1%
+0.4% after inflation
3 years to 13/11/2026
+9.2%
−1.3% after inflation
5 years to 13/11/2026
+69.6%
+32.4% after inflation

£1,000 put in five years ago would have been worth about £1,696 on 13/11/2026 — about £1,324 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH

Calendar-year and 12-month returns

Calendar-year returns of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- in pounds (price, with income reinvested in the fund): 2022 +54.5%, 2023 −9.8%, 2024 +6.8%, 2025 +13.6%; 2026 to 13/11/2026 +0.1%. Returns of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +11.2%; to 30/09/2025: +16.0%; to 30/09/2024: −10.4%; to 30/09/2023: +7.2%; to 30/09/2022: +44.4%.

Calendar-year returns of 0MS7, in pounds (price, with income reinvested in the fund), to 13/11/2026
YearReturnAfter inflationReturn shown as a bar
to +0.1%−3.1%
to +13.6%+9.7%
to +6.8%+3.2%
−9.8%−13.3%
+54.5%+41.5%
Returns of 0MS7 over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from +11.2%+7.2%
from +16.0%+11.5%
from −10.4%−12.7%
from +7.2%+0.8%
from +44.4%+32.7%

As of , inflation: UK CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record as the returns, in pounds.

Volatility (annualised)

17.7%over 5 years

Volatility, annualised from weekly returns, by period
1 year10.3%
3 years12.9%
5 years17.7%

Annualised from weekly returns. Higher means bumpier.

Largest fall since November 2021
−19.0%
From to
Lowest 12-month return
−10.8%
12 months to
Highest 12-month return
+61.5%
12 months to
Below its highest weekly close since November 2021
4.7%
High of , latest

In words: Volatility of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- in pounds, annualised from weekly returns to 13/11/2026: 10.3% over 1 year, 12.9% over 3 years, 17.7% over 5 years. Largest fall in the price of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- since November 2021, in pounds: −19.0% from 17/06/2022 to 29/07/2022. The lowest 12-month return of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- in pounds (price, with income reinvested in the fund) since January 2021 was −10.8% (12 months to 18/10/2024); the highest was +61.5% (12 months to 03/03/2023). On 13/11/2026 the price of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- was 4.7% below its highest weekly close since November 2021 (02/10/2026), in pounds.

As of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.20%
a year
On £10,000
£20
a year, roughly
Over five years
£100
of £10,000, before growth
Among 211 leveraged and inverse products, share classes counted once
  • 0 charge less
  • 0 the same
  • 210 charge more

Ongoing charge of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- 0.20% a year. Compared on 14/11/2026, 210 of the 210 other leveraged and inverse products charge more, 0 the same and 0 less (share classes counted once).

As of

A lower charge is not a promise of a higher return: what the fund holds matters more.

As of

Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up

In plain English

Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- is an exchange-traded fund (ETF) from Amundi, launched in 2010.

It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return.

You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.

Its ongoing charge is 0.2% a year — about £20 a year on every £10,000 invested, taken from the fund's value rather than billed to you.

Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Leveraged & inverse: Products that multiply or reverse a single day’s move — for example three times the daily change of an index.

Terms:ETFIndex fundUCITSAccumulating or incomeLeveraged ETPsShare classISIN

Key facts

Ticker
0MS7
ISIN
FR0010869578
Also listed as
LYQK (Xetra, euros)
Provider
Amundi
Tracks
Solactive Bund Daily (-2x) Inverse Index
Structure
ETF
An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
Income
Accumulating
Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Ongoing charge
0.20% a year · about £20 on £10,000
Fund size
£16.0m
Launched
Domicile
France
UK reporting fund status
Yes — on HMRC’s list of reporting funds (list of )
Reporting fund since . What reporting fund status means
Can usually be held in
ISA and SIPP
Check with your platform: each decides which funds it offers.
Currency hedged
No
Price currency
EUR

Price chart

Closing price
€46.40+7.7% over 1 year · closing price
0MS7 closing price: €43.07 on 14/11/2025, €46.40 on 13/11/2026 (+7.7%); low €42.73, high €47.94.

Over the last year, the closing price went from €43.07 on 14/11/2025 to €46.40 on 13/11/2026 (+7.7%). The lowest close shown was €42.73 on 27/02/2026 and the highest €47.94 on 16/10/2026.

One close a week. Before 28/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.

As of , at least 15 min delayed

Five years of prices, and after inflation

254 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

Sign-up takes an email address. There is no card to enter and nothing to pay.

How we work it out:Prices and returnsNAV and price

What it holds

The ten largest holdings make up 61.0% of the fund, as of .
Holdings
52
54 reported in all
Ten largest
61.0%
of the whole fund
Effective number of holdings
14
As concentrated as this many equal-sized holdings (how it is worked out)
Largest holding
20.1%
GERMANY PPAL 0% 04Jul42

Top 10 holdings

Top holdings of 0MS7: the ten largest, as a percentage of the whole fund, as of 04/11/2026
Rank#HoldingWeight as a percentage of the fund
1GERMANY PPAL 0% 04Jul42GovernmentGermany20.12%
2FEDERAL REPUB BRD 2.5% 15Aug54GovernmentGermany12.12%
3REPUBLIC OF I BTPS 3.25% 15Jul32GovernmentItaly7.10%
4NASDAQ INC 1.75% Mar29FinancialsUnited States4.10%
5SPP DISTRIBUC 1% Jun31UtilitiesSlovakia3.20%
6SPAIN (KINGDO 1% 30Nov30GovernmentSpain3.09%
7CIE FIN FONCI 3% Feb33 EMTNFinancialsFrance3.06%
8DANSKE KIINNI 0.01% Nov26FinancialsFinland2.99%
9DEUTSCHE BANK VAR Jul28 EMTNFinancialsGermany2.66%
10BAYER CAP COR 2.125% Dec29Health CareGermany2.54%

As of , holdings as published

See the full portfolio

Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 52 largest and what changed since .

All 52 holdings of 0MS7

All holdings

The fund publishes 59 holdings; the ten largest make up 59.6% of it.

Create a free account to see the full holdings list

Sign-up takes an email address. There is no card to enter and nothing to pay.

Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.
  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.

    With a free account
  • Rolling returns

    The full range of 244 rolling 12-month returns since January 2021, and of 140 rolling three-year returns, in pounds, with how often they were above zero.

    With a free account
  • Largest falls and recoveries

    The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.

    With a free account

Create a free account to see the risk ratios, every rolling return and each large fall and its recovery

Sign-up takes an email address. There is no card to enter and nothing to pay.

Questions people ask

What is the ongoing charge of 0MS7?

The ongoing charge of 0MS7 is 0.20% a year — about £20 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- 0.20% a year. Compared on 14/11/2026, 210 of the 210 other leveraged and inverse products charge more, 0 the same and 0 less (share classes counted once).

What does 0MS7 track?

0MS7 tracks the Solactive Bund Daily (-2x) Inverse Index.

Is 0MS7 accumulating or distributing?

0MS7 is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

What is the ISIN of 0MS7?

The ISIN of 0MS7 is FR0010869578. An ISIN identifies one exact share class of a fund; 0MS7 is its ticker on the London Stock Exchange. The same share class is also listed as LYQK (Xetra, euros).

What does 0MS7 hold?

0MS7 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 04/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index.

What were 0MS7’s returns in each of the last five years?

Calendar-year returns of 0MS7 in pounds (price, with income reinvested in the fund): 2022 +54.5%, 2023 −9.8%, 2024 +6.8%, 2025 +13.6%; 2026 to 13/11/2026 +0.1%. Past performance is not a guide to future returns.

How has 0MS7 done after inflation?

Over the five years to 13/11/2026 0MS7’s total return was +69.6%, or +32.4% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More leveraged and inverse products, largest first. Size is a fact, not a verdict.

Fund documents and methods

Fund documents
Fund page at Amundi (links checked )

Methodology:ReturnsCategoriesAll methods

A machine-readable copy of this page: Markdown.