# Amundi MSCI Em Asia UCITS ETF Capitalisation USD (AASG) **Page:** https://fundology.uk/fund/aasg · ISIN LU1681044563 ## 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, AASG (Amundi MSCI Em Asia UCITS ETF Capitalisation USD, ISIN LU1681044563) closed at £45.32 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 +40.1%, or +9.3% after UK CPIH inflation. ## Summary Amundi MSCI Em Asia UCITS ETF Capitalisation USD is an exchange-traded fund (ETF) from Amundi, launched in 2011. It tracks the MSCI EM Asia — companies in emerging economies such as China, India, Taiwan and Brazil. 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. Latest close: **£45.32** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | AASG | | ISIN | LU1681044563 | | Also listed as | AASU (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Amundi | | Tracks | MSCI EM Asia | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £612m | | Launched | 2011 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/03/2018 | ## 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 | +12.85% | +8.86% | income reinvested | | 3 years | +70.08% | +53.66% | income reinvested | | 5 years | +40.07% | +9.34% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi MSCI Em Asia UCITS ETF Capitalisation USD in pounds (price, with income reinvested in the fund): 2022 −11.5%, 2023 +0.7%, 2024 +15.1%, 2025 +25.2%; 2026 to 13/11/2026 +12.3%. Returns of Amundi MSCI Em Asia UCITS ETF Capitalisation USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +30.6%; to 30/09/2025: +18.2%; to 30/09/2024: +19.4%; to 30/09/2023: +1.7%; to 30/09/2022: −13.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -11.5% | -19.0% | Price | | 2023 | +0.7% | -3.3% | Price | | 2024 | +15.1% | +11.2% | Price | | 2025 | +25.2% | +20.9% | Price | | 2026 to 13/11/2026 | +12.3% | +8.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 22.74% | -17.87% | | 3 years | 17.97% | -17.87% | | 5 years | 17.74% | -25.95% | ## Largest fall Volatility of Amundi MSCI Em Asia UCITS ETF Capitalisation USD in pounds, annualised from weekly returns to 13/11/2026: 22.7% over 1 year, 18.0% over 3 years, 17.7% over 5 years. Largest fall in the price of Amundi MSCI Em Asia UCITS ETF Capitalisation USD since November 2021, in pounds: −24.7% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Amundi MSCI Em Asia UCITS ETF Capitalisation USD in pounds (price, with income reinvested in the fund) since January 2021 was −22.3% (12 months to 28/10/2022); the highest was +62.5% (12 months to 19/06/2026). On 13/11/2026 the price of Amundi MSCI Em Asia UCITS ETF Capitalisation USD was 15.4% below its highest weekly close since November 2021 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi MSCI Em Asia UCITS ETF Capitalisation USD 0.20% a year. Compared on 14/11/2026, 110 of the 151 other emerging-market share funds charge more, 4 the same and 37 less (share classes counted once). ## Funds tracking the same index 3 funds track MSCI EM Asia, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.55% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi MSCI Em Asia UCITS ETF Capitalisation USD (this fund) | 0.20% | +12.9% | +70.1% | +40.1% | | iShares MSCI EM Asia UCITS ETF | 0.20% | +14.9% | +69.9% | +43.5% | | State Street SPDR MSCI EM Asia UCITS ETF Accum USD | 0.55% | +12.9% | +64.8% | +37.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## 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 AASG 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 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 8.49% | | 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 8.25% | | 3 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 6.02% | | 4 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 5.38% | | 5 | Visa · Class A | [V](https://fundology.uk/stock/V) | 4.06% | | 6 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 3.96% | | 7 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 3.46% | | 8 | Meta Platforms · Class A | [META](https://fundology.uk/stock/META) | 2.94% | | 9 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 2.82% | | 10 | Newmont | [NEM](https://fundology.uk/stock/NEM) | 2.51% | The 125 holdings on record (of 130 reported): https://fundology.uk/fund/aasg/holdings ## Questions people ask **What is the ongoing charge of AASG?** The ongoing charge of AASG 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 MSCI Em Asia UCITS ETF Capitalisation USD 0.20% a year. Compared on 14/11/2026, 110 of the 151 other emerging-market share funds charge more, 4 the same and 37 less (share classes counted once). **What does AASG track?** AASG tracks the MSCI EM Asia — companies in emerging economies such as China, India, Taiwan and Brazil. **Is AASG accumulating or distributing?** AASG 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 AASG?** The ISIN of AASG is LU1681044563. An ISIN identifies one exact share class of a fund; AASG is its ticker on the London Stock Exchange. The same share class is also listed as AASU (London Stock Exchange, US dollars). **What does AASG hold?** AASG 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 AASG’s returns in each of the last five years?** Calendar-year returns of AASG in pounds (price, with income reinvested in the fund): 2022 −11.5%, 2023 +0.7%, 2024 +15.1%, 2025 +25.2%; 2026 to 13/11/2026 +12.3%. Past performance is not a guide to future returns. **How has AASG done after inflation?** Over the five years to 13/11/2026 AASG’s total return was +40.1%, or +9.3% 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/equity/amundi-msci-em-asia-ucits-etf-usd-acc/lu1681044563) - 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.