# Amundi German Bund Daily (-2x) Inverse UCITS ETF -Acc- (0MS7) **Page:** https://fundology.uk/fund/0ms7 · ISIN FR0010869578 ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started. Latest close: **€46.40** (13/11/2026). The close has not changed since 06/11/2026; this line may not have traded since then. ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | 0MS7 | | ISIN | FR0010869578 | | Also listed as | LYQK (Xetra, euros) | | Category | Leveraged & inverse | | Type | ETF | | Provider | Amundi | | Tracks | Solactive Bund Daily (-2x) Inverse Index | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £16.0m | | Launched | 2010 | | Domicile | France | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/11/2019 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +4.07% | +0.38% | income reinvested | | 3 years | +9.20% | -1.34% | income reinvested | | 5 years | +69.64% | +32.41% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year 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%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +54.5% | +41.5% | Price | | 2023 | -9.8% | -13.3% | Price | | 2024 | +6.8% | +3.2% | Price | | 2025 | +13.6% | +9.7% | Price | | 2026 to 13/11/2026 | +0.1% | -3.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 10.32% | -5.80% | | 3 years | 12.90% | -11.67% | | 5 years | 17.68% | -18.98% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.20%** per year (as of 13/11/2026) - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 0MS7 is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 11/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 11/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | GERMANY PPAL 0% 04Jul42 | — | 19.98% | | 2 | FEDERAL REPUB BRD 2.5% 15Aug54 | — | 11.37% | | 3 | REPUBLIC OF I BTPS 3.25% 15Jul32 | — | 7.07% | | 4 | NASDAQ INC 1.75% Mar29 | — | 4.08% | | 5 | SPAIN (KINGDO 1% 30Nov30 | — | 3.07% | | 6 | CIE FIN FONCI 3% Feb33 EMTN | — | 3.05% | | 7 | BMW INTL INV 3.5% Jan33 EMTN | — | 2.96% | | 8 | ITALIAN REPUB BTPS 5.75% 01Feb33 | — | 2.80% | | 9 | SPP DISTRIBUC 1% Jun31 | — | 2.74% | | 10 | BAYER CAP COR 2.125% Dec29 | — | 2.53% | The 56 holdings on record (of 59 reported): https://fundology.uk/fund/0ms7/holdings ## 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 11/11/2026, 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. ## Fund documents - [Fund page at Amundi](https://www.amundietf.co.uk/en/professional/products/fixed-income/amundi-german-bund-daily-2x-inverse-ucits-etf-acc/fr0010869578) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.