ETF · Amundi
AEMU Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD
ISIN LU2277591868London Stock Exchange: AEMUSAS Rue la Boétie
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE$56.06
on
- Ongoing charge
- 0.24% a year
- Fund size
- £78.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, AEMU (Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD, ISIN LU2277591868) closed at $56.06 on the London Stock Exchange. Its ongoing charge is 0.24% a year (about £24 on £10,000). Over the five years to 13/11/2026 its total return was +52.1%, or +18.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +11.9%
- +8.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +59.7%
- +44.3% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +52.1%
- +18.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,521 on 13/11/2026 — about £1,187 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD in pounds (price only, income paid out not included): 2022 −13.1%, 2023 +0.7%, 2024 +6.7%, 2025 +24.6%; 2026 to 13/11/2026 +11.3%. Returns of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +25.5%; to 30/09/2025: +15.8%; to 30/09/2024: +13.4%; to 30/09/2023: −2.6%; to 30/09/2022: −13.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +11.3% | +7.8% | |
| to | +24.6% | +20.3% | |
| to | +6.7% | +3.1% | |
| +0.7% | −3.3% | ||
| −13.1% | −20.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +25.5% | +21.1% |
| from | +15.8% | +11.3% |
| from | +13.4% | +10.5% |
| from | −2.6% | −8.4% |
| from | −13.1% | −20.1% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.4%over 5 years
| 1 year | 20.2% |
|---|---|
| 3 years | 16.3% |
| 5 years | 16.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −20.5%
- From to
- Lowest 12-month return
- −19.5%
- 12 months to
- Highest 12-month return
- +54.8%
- 12 months to
- Below its highest weekly close since November 2021
- 13.2%
- High of , latest
In words: Volatility of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD in pounds, annualised from weekly returns to 13/11/2026: 20.2% over 1 year, 16.3% over 3 years, 16.4% over 5 years. Largest fall in the price of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD since November 2021, in pounds: −20.5% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD in pounds (price only, income paid out not included) since February 2021 was −19.5% (12 months to 28/10/2022); the highest was +54.8% (12 months to 19/06/2026). On 13/11/2026 the price of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD was 13.2% below its highest weekly close since November 2021 (19/06/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.24%
- a year
- On £10,000
- £24
- a year, roughly
- Over five years
- £119
- of £10,000, before growth
- 45 charge less
- 1 the same
- 105 charge more
Ongoing charge of Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD 0.24% a year. Compared on 14/11/2026, 105 of the 151 other emerging-market share funds charge more, 1 the same and 45 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD is an exchange-traded fund (ETF) from Amundi, launched in 2021.
It tracks the MSCI EM (Emerging Markets) — 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 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- AEMU
- ISIN
- LU2277591868
- Provider
- Amundi
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.24% a year · about £24 on £10,000
- Fund size
- £78.8m
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- USD
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from $50.84 on 14/11/2025 to $56.06 on 13/11/2026 (+10.3%). The lowest close shown was $48.97 on 12/12/2025 and the highest $64.65 on 19/06/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
261 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 949
- 1,169 reported in all
- Ten largest
- 36.4%
- of the whole fund
- Effective number of holdings
- 29
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 15.7%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Information TechnologyTaiwan | 15.69% |
| 2 | Samsung Electronics005930Information TechnologySouth Korea | 6.33% |
| 3 | SK hynix000660Information TechnologySouth Korea | 4.63% |
| 4 | Tencent700Communication ServicesChina | 2.80% |
| 5 | Alibaba GroupBABAConsumer DiscretionaryChina | 1.88% |
| 6 | MediaTek2454Information TechnologyTaiwan | 1.53% |
| 7 | China Construction Bank HKFinancialsChina | 0.99% |
| 8 | Samsung Electronics005930Information TechnologySouth Korea | 0.87% |
| 9 | HDFC BankHDFCBANKFinancialsIndia | 0.86% |
| 10 | Hon Hai Precision Industry2317Information TechnologyTaiwan | 0.79% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology39.9%
- Financials21.0%
- Consumer Discretionary8.0%
- Communication Services6.4%
- Industrials6.0%
- Materials6.0%
- Energy3.6%
- Health Care2.9%
- Other sectors6.2%
By country
- Taiwan28.1%
- China20.7%
- South Korea18.1%
- India12.8%
- Brazil3.8%
- South Africa3.3%
- Saudi Arabia2.5%
- Mexico1.8%
- Other countries8.9%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 1,169 holdings; the ten largest make up 36.4% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
20 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.55% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- CapitalisationAccumulating · 0.18% a year | 0.18% | +11.8% | +59.0% | +37.7% |
| Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USDThis fundDistributing · 0.24% a year | 0.24% | +11.9% | +59.7% | +52.1% |
| Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- CapitalisationAccumulating · 0.20% a year | 0.20% | +13.7% | +63.6% | +40.6% |
| Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc-Accumulating · 0.55% a year | 0.55% | +11.5% | +61.8% | +35.6% |
| BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF-Accumulating · 0.09% a year | 0.09% | Not reported | Not reported | Not reported |
| HSBC MSCI Emerging Markets UCITS ETFDistributing · 0.15% a year | 0.15% | +13.7% | +62.6% | +39.9% |
| HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSDAccumulating · 0.15% a year | 0.15% | +13.7% | Not reported | Not reported |
| Invesco MSCI Emerging Markets UCITS ETFAccumulating · 0.19% a year | 0.19% | +13.4% | +62.3% | +39.0% |
| iShares MSCI EM UCITS ETF USD (Acc)Accumulating · 0.18% a year | 0.18% | +13.5% | +63.8% | +41.0% |
| iShares MSCI EM UCITS ETF USD (Dist)Distributing · 0.18% a year | 0.18% | +13.5% | +63.7% | +40.8% |
| iShares MSCI EM Swap UCITS ETF Accum- USDAccumulating · 0.14% a year | 0.14% | Not reported | Not reported | Not reported |
| Multi Units LU - Amundi MSCI Emerging Markets IIDistributing · 0.14% a year | 0.14% | +13.7% | +64.1% | Not reported |
| Multi Units LU - Amundi MSCI Emerging Markets II AccAccumulating · 0.14% a year | 0.14% | +14.3% | +64.2% | Not reported |
| State Street SPDR MSCI Emerging Markets UCITS ETFAccumulating · 0.18% a year | 0.18% | +12.2% | +60.6% | +38.4% |
| UBS MSCI EM SF UCITS ETFAccumulating · 0.14% a year | 0.14% | +13.6% | +58.7% | +40.7% |
| UBS ETF - MSCI Emerging Markets UCITS ETF A DistributionDistributing · 0.15% a year | 0.15% | +11.9% | +64.0% | +39.7% |
| Xtrackers MSCI Emerging Markets Swap UCITS ETFDistributing · 0.12% a year | 0.12% | +14.2% | Not reported | Not reported |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1CAccumulating · 0.12% a year | 0.12% | +13.5% | +62.6% | +39.3% |
| Xtrackers MSCI Emerging Markets UCITS ETFAccumulating · 0.18% a year | 0.18% | +13.5% | +63.6% | +40.3% |
| Xtrackers MSCI Emerging Markets UCITS ETF USDDistributing · 0.18% a year | 0.18% | +14.1% | +63.7% | Not reported |
As of
MSCI Emerging Markets funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Amundi Core MSCI Emerging Markets -UCITS ETF DR- CapitalisationAccumulating · 0.18% a year · LU1437017350
- Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- CapitalisationAccumulating · 0.20% a year · LU1681045453
- Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc-Accumulating · 0.55% a year · FR0010435297
- Multi Units LU - Amundi MSCI Emerging Markets IIDistributing · 0.14% a year · LU2573966905
- Multi Units LU - Amundi MSCI Emerging Markets II AccAccumulating · 0.14% a year · LU2573967036
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 247 rolling 12-month returns since February 2021, and of 143 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of AEMU?
The ongoing charge of AEMU is 0.24% a year — about £24 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 Core MSCI Emerging Markets -UCITS ETF DR- Distribution USD 0.24% a year. Compared on 14/11/2026, 105 of the 151 other emerging-market share funds charge more, 1 the same and 45 less (share classes counted once).
What does AEMU track?
AEMU tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil.
Is AEMU accumulating or distributing?
AEMU is distributing: income is paid out to holders as cash, usually a few times a year. It pays out annual.
What is the ISIN of AEMU?
The ISIN of AEMU is LU2277591868. An ISIN identifies one exact share class of a fund; AEMU is its ticker on the London Stock Exchange.
What does AEMU hold?
As of 11/11/2026, AEMU holds 1,169 positions, according to its published holdings. The largest is TSMC at 15.69% of the fund; the ten largest make up 36.4%. Its ten largest holdings are TSMC (15.69%), Samsung Electronics (6.33%), SK hynix (4.63%), Tencent (2.80%), Alibaba Group (1.88%), MediaTek (1.53%), China Construction Bank HK (0.99%), Samsung Electronics (0.87%), HDFC Bank (0.86%) and Hon Hai Precision Industry (0.79%).
What were AEMU’s returns in each of the last five years?
Calendar-year returns of AEMU in pounds (price only, income paid out not included): 2022 −13.1%, 2023 +0.7%, 2024 +6.7%, 2025 +24.6%; 2026 to 13/11/2026 +11.3%. Past performance is not a guide to future returns.
How has AEMU done after inflation?
Over the five years to 13/11/2026 AEMU’s total return was +52.1%, or +18.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £31bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £9.9bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
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