The case for a European Strategic Autonomy ETF
Europe’s move towards self-reliance
Marketing communication
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In the last couple of decades we have witnessed a series of global upheavals.
The impact of these events has been amplified by the Trump administration’s recent tariff policies and the scepticism it has shown towards the multilateral international order. Taken together, all of these changes have highlighted certain risks that Europe faces due to its dependency on other countries. European politicians and policymakers are keenly aware that previous assumptions no longer hold true.
Taken together, all of these changes have highlighted certain risks that Europe faces due to its dependency on other countries. European politicians and policymakers are keenly aware that previous assumptions no longer hold true.
From energy and defence to technology and industrial supply chains, the continent is thus investing heavily in its domestic markets to address urgent questions about its strategic autonomy.
For investors, this could create a thematic opportunity[1] rooted in policy-backed demand, which could be accessed via the Amundi European Strategic Autonomy UCITS ETF[2].
Explore the Amundi European Strategic Autonomy UCITS ETF
European politicians and policymakers are keenly aware that previous assumptions no longer hold true
Marketing Communication
The areas of greatest concern for Europe can be defined according to key themes that it must consider if it is to bolster its self-reliance in an age of heightened geopolitical and economic uncertainty.
These themes map directly to sectors where European policy action and investment could be focused (see graphic). This mapping could be useful to investors who are looking to align their investment[1] strategy with EU policy and the potential long-term economic growth that it could initiate.
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The Amundi European Strategic Autonomy UCITS ETF aims to align with these critical themes through the replication of the Euronext European Strategic Autonomy Index[3]. This could allow you to invest in companies that have a proven revenue exposure to strategic autonomy themes.
In addition, an ETF of this nature offers access to a wide range of European stocks. Europe’s stock markets have already attracted significant investor interest in 2025[4] on the back of the EU’s commitment to increase spending and to invest in sectors such as defence and industrials.
Recent events, including Russia’s war in Ukraine, have underlined the need for better European preparedness and defence capabilities. That drives policy and spending towards domestic defence industries and technologies.
Europe still imports a large share of its energy. Reducing reliance on fossil-fuel imports and ramping up home-grown clean energy are priorities and potential investment areas.
Semiconductors, batteries, and certain raw materials are fundamental to modern industry. Supply-chain disruptions and export restrictions have revealed the vulnerability of relying on a few global suppliers.
The pandemic exposed shortfalls in medical supply chains and capacity. This is exacerbated by Trump’s current tariff-driven economic policy, which has underscored the need for Europe to build more robust health systems.
Defense
Commitment to increased security-related spending
Energy
Budgeted towards the EU's REPowerEU Plan for energy
Semiconductors
Allocated to policy-driven investment to support the Chips Act
Health Care
To build a stronger, healthier and more resilient union
Source: European Commission, as at end-October 2025. Information given for illustrative purposes only, may change without prior notice.
The concrete investments and policies Europe has dedicated to strategic autonomy are creating structural shifts across sectors such as defence, energy, technology, and industry.
For investors[1], the Amundi European Strategic Autonomy UCITS ETF could be one route to tap into the momentum that this could create.
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Beside the risks included in the risk indicator, other risks may affect the Sub-Fund’s performance. For further information, please refer to the prospectus of the fund.
Additional risks: Market liquidity risk could amplify the variation of product performances.
These products do not include any protection from future market performance so you could lose some or all of your investment. Beside the risks included in the risk indicator, other risks may affect the Sub-Fund’s performance. Please refer to the prospectus for the funds.
Capital at risk. Investing in funds entails risk, most notably the risk of capital loss. The value of an investment is subject to market fluctuation and may decrease or increase as a consequence. As a result, fund subscribers may lose part or all of their initial investment.
ISIN code: LU3180074463
Index replicated: Euronext European Strategic Autonomy NR Index
Management fees*: 0.40%
SFDR** Article: 6
Risk Indicator: 4
*Management fees refer to the management fees and other administrative or operating costs of the fund. For more information about all the costs of investing in the fund, please refer to its Key Information Document (KID).
**SFDR: “Sustainable Finance Disclosure Regulation” –2019/2088/EU. EU regulation that requires, among other things, the classification of financial products according to their ESG intensity. A fund is referred to as “Article 8” if it promotes ESG characteristics in tandem with other financial objectives, or “Article 9” when it has a sustainable investment objective. Any fund that does not comply with the two previous categories is an “Article 6” fund.
Risk of the loss of invested capital. Investors may not get back the original amount invested and may lose all of their investment.
Risk associated with the markets to which the ETF is exposed. The price and value of investments are linked to the liquidity risk of the components. Investments can go up as well as down.
Risk associated with the volatility of the securities/currencies composing the underlying index.
The fund investment objective may only be partially reached.
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The investment decision must take into account all the characteristics and objectives of the Fund, as described in the relevant Prospectus. When investing in an ETF, it’s important to carefully review the fund’s prospectus. As with any investment, it’s advisable to assess your investment goals, risk tolerance and seek professional advice before making investment decisions.
PLEASE NOTE THAT CAPITAL IS AT RISK. YOUR CAPITAL IS FULLY AT RISK AND YOU MAY NOT GET BACK THE AMOUNT ORIGINALLY INVESTED.
1 Investment involves risks. For more information, please refer to the Risk section below.
2 More details are available in the prospectus of the sub-fund and key information document (KID) published on amundietf.com.
3 For more information regarding the index methodology, please refer to www.euronext.com
4 Source: Amundi, Bloomberg. Flows in the UCITS ETF market observed from 1 January 2025 to 31 October 2025. Past performance does not predict future returns.
It is important for potential investors to evaluate the risks described below and in the fund’s Key Information Document (“KID”) and prospectus available on our website www.amundietf.com.
KNOWING YOUR RISK
CAPITAL AT RISK - ETFs are tracking instruments. Their risk profile is similar to a direct investment in the underlying index. Investors’ capital is fully at risk and investors may not get back the amount originally invested.
REPLICATION RISK - The fund’s objectives might not be reached due to unexpected events on the underlying markets which will impact the index calculation and the efficient fund replication.
COUNTERPARTY RISK - Investors are exposed to risks resulting from the use of an OTC swap (over-the-counter) or securities lending with the respective counterparty(-ies). Counterparty(-ies) are credit institution(s) whose name(s) can be found on the fund’s website amundietf.com. In line with the UCITS guidelines, the exposure to the counterparty cannot exceed 10% of the total assets of the fund.
CURRENCY RISK – An ETF may be exposed to currency risk if the ETF is denominated in a currency different to that of the underlying index securities it is tracking. This means that exchange rate fluctuations could have a negative or positive effect on returns.
LIQUIDITY RISK – There is a risk associated with the markets to which the ETF is exposed. The price and the value of investments are linked to the liquidity risk of the underlying index components. Investments can go up or down. In addition, on the secondary market liquidity is provided by registered market makers on the respective stock exchange where the ETF is listed. On exchange, liquidity may be limited as a result of a suspension in the underlying market represented by the underlying index tracked by the ETF; a failure in the systems of one of the relevant stock exchanges, or other market-maker systems; or an abnormal trading situation or event.
CONCENTRATION RISK – Thematic ETFs select stocks or bonds for their portfolio from the original benchmark index. Where selection rules are extensive, it can lead to a more concentrated portfolio where risk is spread over fewer stocks than the original benchmark.
IMPORTANT INFORMATION
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Updated composition of the product’s investment portfolio is available on www.amundietf.com. Units of a specific UCITS ETF managed by an asset manager and purchased on the secondary market cannot usually be sold directly back to the asset manager itself. Investors must buy and sell units on a secondary market with the assistance of an intermediary (e.g. a stockbroker) and may incur fees for doing so. In addition, investors may pay more than the current net asset value when buying units and may receive less than the current net asset value when selling them.
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Information reputed exact as of 31 October 2025.
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