# Amundi MSCI EM Latin America (ALAG) **Page:** https://fundology.uk/fund/alag · ISIN LU1681045297 ## 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, ALAG (Amundi MSCI EM Latin America, ISIN LU1681045297) closed at £17.12 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 +70.5%, or +33.1% after UK CPIH inflation. ## Summary Amundi MSCI EM Latin America is an exchange-traded fund (ETF) from Amundi, launched in 2011. It tracks the MSCI EM Latin America — 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: **£17.12** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | ALAG | | ISIN | LU1681045297 | | Also listed as | ALAU (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Amundi | | Tracks | MSCI EM Latin America | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £185m | | 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 | +7.37% | +3.56% | income reinvested | | 3 years | +25.95% | +13.79% | income reinvested | | 5 years | +70.51% | +33.09% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi MSCI EM Latin America in pounds (price, with income reinvested in the fund): 2022 +21.7%, 2023 +25.1%, 2024 −24.7%, 2025 +43.4%; 2026 to 13/11/2026 +8.3%. Returns of Amundi MSCI EM Latin America in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +28.0%; to 30/09/2025: +16.0%; to 30/09/2024: −5.2%; to 30/09/2023: +8.9%; to 30/09/2022: +20.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +21.7% | +11.4% | Price | | 2023 | +25.1% | +20.1% | Price | | 2024 | -24.7% | -27.2% | Price | | 2025 | +43.4% | +38.5% | Price | | 2026 to 13/11/2026 | +8.3% | +4.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 26.51% | -17.32% | | 3 years | 20.26% | -24.97% | | 5 years | 22.64% | -24.97% | ## Largest fall Volatility of Amundi MSCI EM Latin America in pounds, annualised from weekly returns to 13/11/2026: 26.5% over 1 year, 20.3% over 3 years, 22.6% over 5 years. Largest fall in the price of Amundi MSCI EM Latin America since November 2021, in pounds: −25.0% from 29/12/2023 to 27/12/2024. The lowest 12-month return of Amundi MSCI EM Latin America in pounds (price, with income reinvested in the fund) since January 2021 was −25.0% (12 months to 27/12/2024); the highest was +73.7% (12 months to 10/04/2026). On 13/11/2026 the price of Amundi MSCI EM Latin America was 15.9% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi MSCI EM Latin America 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). ## 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 ALAG 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) | 9.10% | | 2 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 8.75% | | 3 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 5.90% | | 4 | ServiceNow | [NOW](https://fundology.uk/stock/NOW) | 5.14% | | 5 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 4.65% | | 6 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 4.34% | | 7 | Astera Labs | [ALAB](https://fundology.uk/stock/ALAB) | 3.70% | | 8 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 3.49% | | 9 | Liberty Live Holdings, Inc. - Liberty Live Group | [LLYVA](https://fundology.uk/stock/LLYVA) | 3.41% | | 10 | Liberty Media Corporation - | [FWONA](https://fundology.uk/stock/FWONA) | 3.38% | The 111 holdings on record (of 116 reported): https://fundology.uk/fund/alag/holdings ## Questions people ask **What is the ongoing charge of ALAG?** The ongoing charge of ALAG 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 Latin America 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 ALAG track?** ALAG tracks the MSCI EM Latin America — companies in emerging economies such as China, India, Taiwan and Brazil. **Is ALAG accumulating or distributing?** ALAG 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 ALAG?** The ISIN of ALAG is LU1681045297. An ISIN identifies one exact share class of a fund; ALAG is its ticker on the London Stock Exchange. The same share class is also listed as ALAU (London Stock Exchange, US dollars). **What does ALAG hold?** ALAG 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 ALAG’s returns in each of the last five years?** Calendar-year returns of ALAG in pounds (price, with income reinvested in the fund): 2022 +21.7%, 2023 +25.1%, 2024 −24.7%, 2025 +43.4%; 2026 to 13/11/2026 +8.3%. Past performance is not a guide to future returns. **How has ALAG done after inflation?** Over the five years to 13/11/2026 ALAG’s total return was +70.5%, or +33.1% 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-latin-america-ucits-etf-usd-acc/lu1681045297) - 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.