ETF · Amundi
EMXN Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation
ISIN LU2009202107London Stock Exchange: EMXNSAS Rue la Boétie
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£32.23
on
- Ongoing charge
- 0.15% a year
- Fund size
- £3.2bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, EMXN (Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation, ISIN LU2009202107) closed at £32.23 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +67.9%, or +31.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +27.4%
- +22.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +80.0%
- +62.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +67.9%
- +31.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,679 on 13/11/2026 — about £1,310 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 MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation in pounds (price, with income reinvested in the fund): 2025 +25.2%; 2026 to 13/11/2026 +22.4%. Returns of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +48.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +22.4% | +18.5% | |
| to | +25.2% | +20.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +48.5% | +43.3% |
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)
23.7%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2024
- −18.7%
- From to
- Lowest 12-month return
- +18.8%
- 12 months to
- Highest 12-month return
- +79.4%
- 12 months to
- Below its highest weekly close since November 2024
- 15.2%
- High of , latest
In words: Volatility of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 23.7% over 1 year. Largest fall in the price of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation since November 2024, in pounds: −18.7% from 19/06/2026 to 06/11/2026. The lowest 12-month return of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation in pounds (price, with income reinvested in the fund) since November 2024 was +18.8% (12 months to 12/12/2025); the highest was +79.4% (12 months to 19/06/2026). On 13/11/2026 the price of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation was 15.2% below its highest weekly close since November 2024 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.15%
- a year
- On £10,000
- £15
- a year, roughly
- Over five years
- £75
- of £10,000, before growth
- 9 charge less
- 4 the same
- 138 charge more
Ongoing charge of Amundi MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation 0.15% a year. Compared on 14/11/2026, 138 of the 151 other emerging-market share funds charge more, 4 the same and 9 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 MSCI Emerging Ex China Swap UCITS ETF Acc Capitalisation is an exchange-traded fund (ETF) from Amundi, launched in 2019.
It tracks the MSCI EM (Emerging Markets) ex China — 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 0.15% a year — about £15 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.
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
- EMXN
- ISIN
- LU2009202107
- Also listed as
- EMXC (London Stock Exchange, US dollars)
- Provider
- Amundi
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.15% a year · about £15 on £10,000
- Fund size
- £3.2bn
- 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
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from £25.76 on 14/11/2025 to £32.23 on 13/11/2026 (+25.1%). The lowest close shown was £25.16 on 19/12/2025 and the highest £38.02 on 19/06/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
104 weekly closes, from 22/11/2024 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
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 127
- 136 reported in all
- Ten largest
- 41.0%
- of the whole fund
- Effective number of holdings
- 37
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 7.9%
- Amazon
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | AmazonAMZNConsumer DiscretionaryUnited States | 7.94% |
| 2 | NVIDIANVDAInformation TechnologyUnited States | 7.31% |
| 3 | Alphabet · Class CGOOGCommunication ServicesUnited States | 4.80% |
| 4 | UnitedHealth GroupUNHHealth CareUnited States | 4.50% |
| 5 | MicrosoftMSFTInformation TechnologyUnited States | 3.39% |
| 6 | Advanced Micro DevicesAMDInformation TechnologyUnited States | 2.76% |
| 7 | TeslaTSLAConsumer DiscretionaryUnited States | 2.71% |
| 8 | Analog DevicesADIInformation TechnologyUnited States | 2.68% |
| 9 | OracleORCLInformation TechnologyUnited States | 2.61% |
| 10 | NetflixNFLXCommunication ServicesUnited States | 2.29% |
As of , holdings as published
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 .
All holdings
The fund publishes 136 holdings; the ten largest make up 41.0% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 99.3% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology25.2%
- Technology Services19.9%
- Retail Trade10.5%
- Finance7.4%
- Health Technology6.3%
- Producer Manufacturing5.5%
- Health Services5.3%
- Consumer Non-Durables4.5%
- Other classified sectors14.7%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track MSCI EM (Emerging Markets) ex China, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.54% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi MSCI Emerging Ex China Swap UCITS ETF Acc CapitalisationThis fundAccumulating · 0.15% a year | 0.15% | +27.4% | +80.0% | +67.9% |
| iShares MSCI EM ex-China UCITS ETFAccumulating · 0.18% a year | 0.18% | +27.4% | +81.0% | +58.9% |
| Xtrackers MSCI Emerging Markets Ex China UCITS ETFAccumulating · 0.54% a year | 0.54% | +27.5% | +71.1% | +54.5% |
As of
MSCI Emerging Markets ex China funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountRolling returns
The full range of 52 rolling 12-month returns since November 2024, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2024, 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.
Pro
Pro — currently by invitation
Pro includes the rank among similar funds
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 EMXN?
The ongoing charge of EMXN is 0.15% a year — about £15 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 Ex China Swap UCITS ETF Acc Capitalisation 0.15% a year. Compared on 14/11/2026, 138 of the 151 other emerging-market share funds charge more, 4 the same and 9 less (share classes counted once).
What does EMXN track?
EMXN tracks the MSCI EM (Emerging Markets) ex China — companies in emerging economies such as China, India, Taiwan and Brazil.
Is EMXN accumulating or distributing?
EMXN 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 EMXN?
The ISIN of EMXN is LU2009202107. An ISIN identifies one exact share class of a fund; EMXN is its ticker on the London Stock Exchange. The same share class is also listed as EMXC (London Stock Exchange, US dollars).
What does EMXN hold?
EMXN 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 EMXN’s returns in each of the last five years?
Calendar-year returns of EMXN in pounds (price, with income reinvested in the fund): 2025 +25.2%; 2026 to 13/11/2026 +22.4%. Past performance is not a guide to future returns.
How has EMXN done after inflation?
Over the five years to 13/11/2026 EMXN’s total return was +67.9%, or +31.0% 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
A machine-readable copy of this page: Markdown.