# Amundi MSCI Switzerland ETF Class C CHF (CSWG) **Page:** https://fundology.uk/fund/cswg · ISIN LU1681044993 ## 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, CSWG (Amundi MSCI Switzerland ETF Class C CHF, ISIN LU1681044993) closed at £12.60 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was +42.7%, or +11.4% after UK CPIH inflation. ## Summary Amundi MSCI Switzerland ETF Class C CHF is an exchange-traded fund (ETF) from Amundi, launched in 2018. It tracks the MSCI Switzerland. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.25% a year — about £25 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: **£12.60** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | CSWG | | ISIN | LU1681044993 | | Also listed as | CSWU (London Stock Exchange, US dollars), 18MN (Xetra, euros) | | Category | European shares | | Type | ETF | | Provider | Amundi | | Tracks | MSCI Switzerland | | Income | Accumulating | | Ongoing charge | 0.25% a year (£25 per £10,000) | | Fund size | £350m | | Launched | 2018 | | 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 | +13.92% | +9.88% | income reinvested | | 3 years | +48.20% | +33.89% | income reinvested | | 5 years | +42.72% | +11.40% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Amundi MSCI Switzerland ETF Class C CHF in pounds (price, with income reinvested in the fund): 2022 −7.5%, 2023 +8.6%, 2024 0.0%, 2025 +23.2%; 2026 to 13/11/2026 +11.6%. Returns of Amundi MSCI Switzerland ETF Class C CHF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +9.5%; to 30/09/2025: +9.7%; to 30/09/2024: +11.2%; to 30/09/2023: +5.6%; to 30/09/2022: +1.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -7.5% | -15.3% | Price | | 2023 | +8.6% | +4.2% | Price | | 2024 | -0.0% | -3.4% | Price | | 2025 | +23.2% | +19.0% | Price | | 2026 to 13/11/2026 | +11.6% | +8.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 14.95% | -12.52% | | 3 years | 12.96% | -12.52% | | 5 years | 13.45% | -15.16% | ## Largest fall Volatility of Amundi MSCI Switzerland ETF Class C CHF in pounds, annualised from weekly returns to 13/11/2026: 15.0% over 1 year, 13.0% over 3 years, 13.4% over 5 years. Largest fall in the price of Amundi MSCI Switzerland ETF Class C CHF since November 2021, in pounds: −15.2% from 31/12/2021 to 17/06/2022. The lowest 12-month return of Amundi MSCI Switzerland ETF Class C CHF in pounds (price, with income reinvested in the fund) since January 2021 was −9.1% (12 months to 16/12/2022); the highest was +24.8% (12 months to 29/07/2026). On 13/11/2026 the price of Amundi MSCI Switzerland ETF Class C CHF was at its highest weekly close since November 2021, in pounds. ## Charges compared with similar funds Ongoing charge of Amundi MSCI Switzerland ETF Class C CHF 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Switzerland, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi MSCI Switzerland ETF Class C CHF (this fund) | 0.25% | +13.9% | +48.2% | +42.7% | | UBS MSCI Switzerland ETF -CHF dis- | 0.20% | +14.7% | +51.8% | +44.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.25%** 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 CSWG 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) | 8.27% | | 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.97% | | 3 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 6.42% | | 4 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 5.15% | | 5 | Coca-Cola | [KO](https://fundology.uk/stock/KO) | 4.85% | | 6 | Oracle | [ORCL](https://fundology.uk/stock/ORCL) | 4.64% | | 7 | Alphabet · Class C | [GOOG](https://fundology.uk/stock/GOOG) | 4.59% | | 8 | DoorDash | [DASH](https://fundology.uk/stock/DASH) | 4.11% | | 9 | HCA Healthcare | [HCA](https://fundology.uk/stock/HCA) | 4.11% | | 10 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 3.84% | The 70 holdings on record (of 81 reported): https://fundology.uk/fund/cswg/holdings ## Questions people ask **What is the ongoing charge of CSWG?** The ongoing charge of CSWG is 0.25% a year — about £25 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 Switzerland ETF Class C CHF 0.25% a year. Compared on 14/11/2026, 88 of the 242 other European share funds charge more, 24 the same and 130 less (share classes counted once). **What does CSWG track?** CSWG tracks the MSCI Switzerland. **Is CSWG accumulating or distributing?** CSWG 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 CSWG?** The ISIN of CSWG is LU1681044993. An ISIN identifies one exact share class of a fund; CSWG is its ticker on the London Stock Exchange. The same share class is also listed as CSWU (London Stock Exchange, US dollars) and 18MN (Xetra, euros). **What does CSWG hold?** CSWG 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 CSWG’s returns in each of the last five years?** Calendar-year returns of CSWG in pounds (price, with income reinvested in the fund): 2022 −7.5%, 2023 +8.6%, 2024 0.0%, 2025 +23.2%; 2026 to 13/11/2026 +11.6%. Past performance is not a guide to future returns. **How has CSWG done after inflation?** Over the five years to 13/11/2026 CSWG’s total return was +42.7%, or +11.4% 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-switzerland-ucits-etf-chf-acc/lu1681044993) - 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.