# Amundi MSCI World Swap -UCITS ETF- Capitalisation (CW8U)

**Page:** https://fundology.uk/fund/cw8u · ISIN LU1681043672

## 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 06/11/2026, CW8U (Amundi MSCI World Swap -UCITS ETF- Capitalisation, ISIN LU1681043672) closed at £576.60 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the five years to 06/11/2026 its total return was +57.0%, or +22.5% after UK CPIH inflation.

## Summary

Amundi MSCI World Swap -UCITS ETF- Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2010. It tracks the MSCI World Index - EUR - Benchmark TR Net — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.38% a year — about £38 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: **£576.60** (06/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | CW8U |
| ISIN | LU1681043672 |
| Category | Global shares |
| Type | ETF |
| Provider | Amundi |
| Tracks | MSCI World Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.38% a year (£38 per £10,000) |
| Fund size | £67.0m |
| Launched | 2010 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/10/2020 |

## Past returns (periods to 06/11/2026)

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 | +8.60% | +4.76% | income reinvested |
| 3 years | +54.19% | +39.31% | income reinvested |
| 5 years | +57.00% | +22.54% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Amundi MSCI World Swap -UCITS ETF- Capitalisation in pounds (price, with income reinvested in the fund): 2022 −8.5%, 2023 +17.3%, 2024 +21.8%, 2025 +10.7%; 2026 to 06/11/2026 +9.2%. Returns of Amundi MSCI World Swap -UCITS ETF- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.0%; to 30/09/2025: +17.3%; to 30/09/2024: +20.1%; to 30/09/2023: +9.8%; to 30/09/2022: −0.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.5% | -16.2% | Price |
| 2023 | +17.3% | +12.6% | Price |
| 2024 | +21.8% | +17.6% | Price |
| 2025 | +10.7% | +6.9% | Price |
| 2026 to 06/11/2026 | +9.2% | +5.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.50% | -6.52% |
| 3 years | 11.48% | -16.23% |
| 5 years | 12.40% | -16.23% |

## Largest fall

Volatility of Amundi MSCI World Swap -UCITS ETF- Capitalisation in pounds, annualised from weekly returns to 06/11/2026: 10.5% over 1 year, 11.5% over 3 years, 12.4% over 5 years. Largest fall in the price of Amundi MSCI World Swap -UCITS ETF- Capitalisation since November 2021, in pounds: −16.2% from 31/01/2025 to 04/04/2025. The lowest 12-month return of Amundi MSCI World Swap -UCITS ETF- Capitalisation in pounds (price, with income reinvested in the fund) since January 2021 was −8.8% (12 months to 16/12/2022); the highest was +32.1% (12 months to 17/04/2026). On 06/11/2026 the price of Amundi MSCI World Swap -UCITS ETF- Capitalisation was 4.8% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Amundi MSCI World Swap -UCITS ETF- Capitalisation 0.38% a year. Compared on 11/11/2026, 47 of the 207 other global share funds charge more, 1 the same and 159 less (share classes counted once).

## Funds tracking the same index

32 funds track MSCI World Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.50% a year (10/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI World UCITS ETF Accum 2 USD | 0.07% | — | — | — |
| Amundi Core MSCI World UCITS ETF Accum USD | 0.13% | +11.1% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI World Swap UCITS ETF D- | 0.20% | +11.1% | +58.7% | — |
| Amundi MSCI World Swap -UCITS ETF- Capitalisation (this fund) | 0.38% | +8.6% | +54.2% | +57.0% |
| Amundi MSCI World Swap II UCITS ETF Act -Dist- | 0.30% | +11.3% | +58.5% | +63.3% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to EUR - Dist- | 0.30% | +6.6% | +57.5% | +49.1% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to USD - Dist- | 0.30% | +12.3% | +59.1% | +72.0% |
| BNP Paribas Easy ICAV - BNP Paribas Easy MSCI World UCITS ETF Accum-CAP- USD | 0.10% | +9.2% | — | — |
| HSBC MSCI WORLD UCITS ETF | 0.15% | +11.1% | — | — |
| HSBC MSCI World UCITS ETF USD | 0.15% | +11.1% | +58.5% | +63.3% |
| Invesco Markets PLC - Invesco MSCI World UCITS ETF USD | 0.05% | — | — | — |
| Invesco MSCI World UCITS ETF | 0.05% | +11.2% | +58.6% | +63.3% |
| iShares Core MSCI World UCITS ETF | 0.20% | +11.0% | +58.3% | +62.9% |
| iShares Core MSCI World UCITS ETF Hedged (Dist) | 0.30% | +6.6% | +57.1% | +48.3% |
| iShares Core MSCI World UCITS ETF Hedged GBP | 0.30% | +13.9% | +72.5% | +63.1% |
| iShares III PLC - iShares Core MSCI World UCITS ETF USD | 0.20% | +11.0% | — | — |
| Ishares Msci World Swap Ucits Etf | 0.12% | +11.3% | — | — |
| iShares MSCI World UCITS ETF USD (Dist) | 0.50% | +10.7% | +56.9% | +60.5% |
| iShares VI PLC - iShares MSCI World Swap UCITS ETF AccumHedged GBP | 0.13% | — | — | — |
| State Street SPDR MSCI World UCITS ETF - USD | 0.12% | — | — | — |
| State Street SPDR MSCI World UCITS ETF Accum Shs USD | 0.12% | +11.1% | +58.8% | +63.9% |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF A- Hedged GBP | 0.09% | +14.1% | — | — |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF Accum A Hedged GBP | 0.09% | — | — | — |
| UBS (Lux) Fund Solutions SICAV - UBS MSCI World UCITS ETF -USD dis- Distribution | 0.30% | +10.9% | +57.3% | +60.9% |
| UBS Core MSCI World UCITS ETF Accum Shs -A- USD | 0.06% | +11.2% | +58.9% | +62.9% |
| UBS Core MSCI World UCITS ETF Class -A- USD | 0.06% | +11.2% | +58.9% | +62.9% |
| Xtrackers MSCI World Swap UCITS ETF | 0.19% | +11.2% | +59.0% | — |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C | 0.45% | +11.3% | +57.9% | +61.4% |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 4C | 0.39% | +6.7% | +57.6% | +48.8% |
| Xtrackers MSCI World UCITS ETF | 0.12% | +9.3% | +57.5% | +59.9% |
| Xtrackers MSCI World UCITS ETF Dist | 0.12% | +9.3% | +57.6% | +60.2% |
| Xtrackers MSCI World UCITS ETF GBP Hedged Dist | 0.14% | +11.6% | +70.8% | +60.3% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.38%** per year (as of 06/11/2026)
- 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

CW8U is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 04/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index.

### Top holdings

Largest positions (as of 04/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 8.53% |
| 2 | Airbus | [AIR](https://fundology.uk/stock/AIR) | 7.99% |
| 3 | Siemens Energy | [ENR](https://fundology.uk/stock/ENR) | 6.47% |
| 4 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 5.74% |
| 5 | Bayer | [BAYN](https://fundology.uk/stock/BAYN) | 5.62% |
| 6 | Infineon Technologies | [IFX](https://fundology.uk/stock/IFX) | 4.24% |
| 7 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 4.18% |
| 8 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 3.03% |
| 9 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 2.80% |
| 10 | Dhl | [DHL](https://fundology.uk/stock/DHL) | 2.44% |

The 147 holdings on record (of 160 reported): https://fundology.uk/fund/cw8u/holdings

## Questions people ask

**What is the ongoing charge of CW8U?**

The ongoing charge of CW8U is 0.38% a year — about £38 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 World Swap -UCITS ETF- Capitalisation 0.38% a year. Compared on 11/11/2026, 47 of the 207 other global share funds charge more, 1 the same and 159 less (share classes counted once).

**What does CW8U track?**

CW8U tracks the MSCI World Index - EUR - Benchmark TR Net — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US.

**Is CW8U accumulating or distributing?**

CW8U 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 CW8U?**

The ISIN of CW8U is LU1681043672. An ISIN identifies one exact share class of a fund; CW8U is its ticker on the London Stock Exchange.

**What does CW8U hold?**

CW8U is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 04/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index.

**What were CW8U’s returns in each of the last five years?**

Calendar-year returns of CW8U in pounds (price, with income reinvested in the fund): 2022 −8.5%, 2023 +17.3%, 2024 +21.8%, 2025 +10.7%; 2026 to 06/11/2026 +9.2%. Past performance is not a guide to future returns.

**How has CW8U done after inflation?**

Over the five years to 06/11/2026 CW8U’s total return was +57.0%, or +22.5% 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-world-swap-ucits-etf-usd-acc/lu1681043672)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.