Spain's 35 biggest companies
This fund holds the 35 largest companies on the Spanish stock market, like Inditex (Zara), Santander and Iberdrola. It is a simple way to invest in Spain's economy. Dividends are reinvested automatically.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Listed on London exchange too
- Decent size, easy to trade
- Reinvests dividends for you
- Higher 0.30% yearly fee
- Single country, concentrated
- French domicile, not Irish
About this fund
The fund tracks the IBEX 35 index, the benchmark of the Madrid Stock Exchange covering Spain's 35 largest and most liquid companies. It uses full physical replication and is one of the larger Spain-focused ETFs available to international investors. It is managed by Amundi, Europe's biggest asset manager.
Available on Interactive Brokers
Low-cost access to Spain's 35 biggest companies and 10,000+ funds worldwide.
Frequently asked questions
Is CS1.L accumulating or distributing?
Amundi IBEX 35 UCITS ETF Acc (CS1.L) is an accumulating ETF, so its dividends are reinvested automatically inside the fund instead of paid out as cash. The value compounds in the share price, which keeps things simple since the dividends are reinvested for you instead of arriving as cash you would otherwise have to reinvest yourself.
What is the annual fee (TER) for CS1.L?
CS1.L has a total expense ratio (TER) of 0.30% per year. On a $10,000 holding that is roughly $30 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy CS1.L on Interactive Brokers?
Yes. CS1.L trades on London Stock Exchange, EUR and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does CS1.L invest in?
Amundi IBEX 35 UCITS ETF Acc (CS1.L) tracks the IBEX 35. This fund holds the 35 largest companies on the Spanish stock market, like Inditex (Zara), Santander and Iberdrola. You buy one fund and get the whole basket in a single trade.
Is CS1.L a UCITS ETF, and where is it domiciled?
Yes, CS1.L is a UCITS ETF domiciled in France. For non-US investors, EU-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is CS1.L?
On the TickerCompare 1 to 5 scale, CS1.L is rated higher risk (4/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.