# Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation (AUEG) **Page:** https://fundology.uk/fund/aueg · ISIN LU1681045453 ## 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, AUEG (Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation, ISIN LU1681045453) closed at £6.09 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 +40.6%, or +9.7% after UK CPIH inflation. ## Summary Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2010. 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 0.2% 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: **£6.09** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | AUEG | | ISIN | LU1681045453 | | Also listed as | AUEM (London Stock Exchange, US dollars) | | Category | Emerging markets | | Type | ETF | | Provider | Amundi | | Tracks | MSCI EM (Emerging Markets) | | Income | Accumulating | | Ongoing charge | 0.20% a year (£20 per £10,000) | | Fund size | £1.1bn | | Launched | 2010 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/04/2018 | ## 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 | +13.67% | +9.65% | income reinvested | | 3 years | +63.56% | +47.77% | income reinvested | | 5 years | +40.58% | +9.73% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −10.2%, 2023 +3.0%, 2024 +10.3%, 2025 +25.9%; 2026 to 13/11/2026 +11.5%. Returns of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +28.5%; to 30/09/2025: +18.1%; to 30/09/2024: +16.3%; to 30/09/2023: +1.4%; to 30/09/2022: −11.7%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -10.2% | -17.8% | Price | | 2023 | +3.0% | -1.1% | Price | | 2024 | +10.3% | +6.5% | Price | | 2025 | +25.9% | +21.6% | Price | | 2026 to 13/11/2026 | +11.5% | +8.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 20.19% | -15.40% | | 3 years | 16.13% | -15.40% | | 5 years | 16.13% | -21.74% | ## Largest fall Volatility of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 20.2% over 1 year, 16.1% over 3 years, 16.1% over 5 years. Largest fall in the price of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation since November 2021, in pounds: −20.1% from 19/11/2021 to 28/10/2022. The lowest 12-month return of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −18.3% (12 months to 28/10/2022); the highest was +57.0% (12 months to 19/06/2026). On 13/11/2026 the price of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation was 13.1% below its highest weekly close since November 2021 (19/06/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation 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 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Capitalisation | 0.18% | +11.8% | +59.0% | +37.7% | | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.24% | +11.4% | +62.1% | +37.5% | | Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation (this fund) | 0.20% | +13.7% | +63.6% | +40.6% | | Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- | 0.55% | +11.5% | +61.8% | +35.6% | | BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF- | 0.09% | — | — | — | | HSBC MSCI Emerging Markets UCITS ETF | 0.15% | +13.7% | +62.6% | +39.9% | | HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD | 0.15% | +13.7% | — | — | | Invesco MSCI Emerging Markets UCITS ETF | 0.19% | +13.4% | +62.3% | +39.0% | | iShares MSCI EM UCITS ETF USD (Acc) | 0.18% | +13.5% | +63.8% | +41.0% | | iShares MSCI EM UCITS ETF USD (Dist) | 0.18% | +13.5% | +63.7% | +40.8% | | iShares VI PLC - iShares MSCI EM Swap UCITS ETF Accum- USD | 0.14% | — | — | — | | Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +13.7% | +64.1% | — | | Multi Units LU - Amundi MSCI Emerging Markets II Acc | 0.14% | +14.3% | +64.2% | — | | State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD | 0.18% | +12.2% | +60.6% | +38.4% | | UBS (Irl) Fund Solutions PLC - UBS MSCI EM SF UCITS ETF Accum Shs USD | 0.14% | +13.6% | +58.7% | +40.7% | | UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution | 0.15% | +11.9% | +64.0% | +39.7% | | Xtrackers MSCI Emerging Markets Swap UCITS ETF | 0.12% | +14.2% | — | — | | Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C | 0.12% | +13.5% | +62.6% | +39.3% | | Xtrackers MSCI Emerging Markets UCITS ETF | 0.18% | +13.5% | +63.6% | +40.3% | | Xtrackers MSCI Emerging Markets UCITS ETF USD | 0.18% | +14.1% | +63.7% | — | 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 AUEG 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) | 8.82% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 6.72% | | 3 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 4.12% | | 4 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 3.69% | | 5 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 3.59% | | 6 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 3.42% | | 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 3.27% | | 8 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 3.11% | | 9 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 2.49% | | 10 | Walmart | [WMT](https://fundology.uk/stock/WMT) | 2.37% | The 212 holdings on record (of 244 reported): https://fundology.uk/fund/aueg/holdings ## Questions people ask **What is the ongoing charge of AUEG?** The ongoing charge of AUEG 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 Emerging Markets Swap -UCITS ETF USD C- Capitalisation 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 AUEG track?** AUEG tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. **Is AUEG accumulating or distributing?** AUEG 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 AUEG?** The ISIN of AUEG is LU1681045453. An ISIN identifies one exact share class of a fund; AUEG is its ticker on the London Stock Exchange. The same share class is also listed as AUEM (London Stock Exchange, US dollars). **What does AUEG hold?** AUEG 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 AUEG’s returns in each of the last five years?** Calendar-year returns of AUEG in pounds (price, with income reinvested in the fund): 2022 −10.2%, 2023 +3.0%, 2024 +10.3%, 2025 +25.9%; 2026 to 13/11/2026 +11.5%. Past performance is not a guide to future returns. **How has AUEG done after inflation?** Over the five years to 13/11/2026 AUEG’s total return was +40.6%, or +9.7% 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-emerging-markets-swap-ucits-etf-usd-acc/lu1681045453) - 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.