BNP Paribas Asset Management has listed the BNP Paribas Easy II Nasdaq 100 UCITS ETF Accumulation USD (ISIN IE000QDFFK00) on the London Stock Exchange, with an issue date of 20 October 2026.
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Article created by the editorial staff of ETFWorld.co.uk
Sabrina Principi, Global Head of ETF and Index Business Development at BNPP AM
The physically replicated, accumulating fund was formerly known as the AXA IM Nasdaq 100 UCITS ETF. On the LSE it trades under two lines: ANAU in US dollars and ANAG in sterling pence (GBX). The fund has a total expense ratio (TER) of 0.14%.
Key fund facts
The ETF is a sub-fund of BNP Paribas Easy II ICAV, an Irish-domiciled umbrella structure. Its first net asset value was calculated on 16 November 2022.
Name: BNP Paribas Easy II Nasdaq 100 UCITS ETF Accumulation USD
ISIN: IE000QDFFK00
Exchange: London Stock Exchange, Main Market
Issue date on LSE: 20 October 2026
Ticker (USD line): ANAU – SEDOL BRJSRX6
Ticker (GBX line): ANAG – SEDOL BRJ5S22
Settlement: Euroclear Bank
Index: NASDAQ-100 Notional Net Total Return Index
Replication: physical, full replication
TER: 0.14%
Fund currency: USD
Income treatment: accumulating
Legal structure: UCITS, Irish ICAV
Expected tracking error: up to 1% in normal market conditions, as stated in the KIID
Investment objective and policy
According to the fund documentation, the objective is to provide investors with the performance of the NASDAQ-100 Index, less the fund’s fees and expenses, while seeking to minimise the tracking error between the fund’s net asset value and the index.
The fund is passively managed. It invests in equities listed or traded on regulated markets worldwide that, as far as possible and practicable, are constituents of the index. The ETF intends to hold all index constituents in generally the same proportions as their index weights.
The fund may also hold warrants and rights, but only as a result of corporate actions. Derivatives may be used for efficient portfolio management and for hedging purposes.
Top holdings and concentration limits
The NASDAQ-100 Index is weighted towards a small number of large companies. According to LSE data as of 30 September 2026, the fund’s ten largest holdings were:
NVIDIA – 8.36%
Apple – 7.38%
Microsoft – 5.78%
Micron Technology – 5.04%
Advanced Micro Devices – 4.19%
Amazon.com – 4.08%
Meta Platforms – 3.28%
Alphabet Class A – 3.06%
Alphabet Class C – 2.86%
Tesla – 2.83%
Together, these ten positions accounted for 46.86% of the portfolio.
To replicate the index, the fund may invest up to 20% of its net asset value in shares issued by the same body. This limit can be raised to 35% for a single issuer in exceptional market conditions. At 30 September 2026, the largest single position, NVIDIA, was below the 20% threshold.
Assets and performance
Cumulative performance in USD to 31 July 2026, net of fees and with dividends reinvested, was as follows:
Year to date: +12.24%
One year: +22.30%
Three years: +82.09%
Since launch (16 November 2022): +146.16%
On an annualised basis, the fund returned 22.09% over three years and 27.51% since launch. Past performance is not a reliable indicator of future results.
The fund is denominated in US dollars. The GBX line allows UK investors to trade in sterling, but the underlying exposure remains in US dollars. Returns for sterling-based investors therefore also depend on the GBP/USD exchange rate.
Existing listings and other share classes
The USD accumulating share class was already traded on other European venues before the London listing. On Borsa Italiana’s ETFplus segment it trades under the code ANAU, and on Xetra under the symbol ANAV.
Borsa Italiana also lists a euro-hedged accumulating share class of the same fund, the BNP Paribas Easy II Nasdaq 100 UCITS ETF EUR (H) Acc (ISIN IE000STJ19F2), with total annual fees of 0.20%.
BNP Paribas Easy on the London Stock Exchange
The London listing follows earlier steps by BNP Paribas Asset Management on the LSE. The manager listed four ESG equity ETFs in London in October 2024. In November 2025 it added fourteen further ETFs, covering strategies including enhanced alpha (active), defence and fixed income.
The fund’s change of name reflects the group’s reorganisation. BNP Paribas Cardif completed the acquisition of AXA Investment Managers on 1 July 2025. According to BNP Paribas, the combined asset management platform holds more than EUR 1.5 trillion in assets under management. The former AXA IM Nasdaq 100 UCITS ETF now forms part of the BNP Paribas Easy range.
Conclusions
The BNP Paribas Easy II Nasdaq 100 UCITS ETF Accumulation USD is available on the London Stock Exchange from 20 October 2026, under the tickers ANAU (USD) and ANAG (GBX). The fund offers physically replicated exposure to the NASDAQ-100 Index at a TER of 0.14%, with an expected tracking error of up to 1% in normal market conditions.
Source: ETFWorld.co.uk
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