# Multi Units LU - Amundi MSCI EMU (MFEX) **Source:** https://fundology.uk/fund/mfex · ISIN LU1646360971 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, MFEX (Multi Units LU - Amundi MSCI EMU, ISIN LU1646360971) closed at £70.77 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 30/09/2026 its total return was +68.1%, or +31.4% after UK CPIH inflation. ## Summary Multi Units LU - Amundi MSCI EMU is an exchange-traded fund (ETF) from Amundi, launched in 2017. It tracks the MSCI EMU. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. Latest close: **£70.77** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | MFEX | | ISIN | LU1646360971 | | Category | European shares | | Type | ETF | | Provider | Amundi | | Tracks | MSCI EMU | | Income | Distributing | | Ongoing charge | 0.12% a year (£12 per £10,000) | | Fund size | £494m | | Launched | 2017 | | Domicile | Luxembourg | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +16.19% | +12.55% | income reinvested | | 3 years | +63.15% | +47.22% | income reinvested | | 5 years | +68.15% | +31.45% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Multi Units LU - Amundi MSCI EMU in pounds (price only, income paid out not included): 2022 −9.8%, 2023 +13.3%, 2024 +1.5%, 2025 +26.3%; 2026 to 30/09/2026 +9.8%. Returns of Multi Units LU - Amundi MSCI EMU in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +11.9%; to 30/09/2025: +15.9%; to 30/09/2024: +14.5%; to 30/09/2023: +21.9%; to 30/09/2022: −19.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.8% | -17.4% | Price | | 2023 | +13.3% | +8.8% | Price | | 2024 | +1.5% | -2.0% | Price | | 2025 | +26.3% | +21.9% | Price | | 2026 to 30/09/2026 | +9.8% | +6.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 15.84% | -10.99% | | 3 years | 14.21% | -10.99% | | 5 years | 16.08% | -23.24% | ## Largest fall Volatility of Multi Units LU - Amundi MSCI EMU in pounds, annualised from weekly returns to 30/09/2026: 15.8% over 1 year, 14.2% over 3 years, 16.1% over 5 years. Largest fall in the price of Multi Units LU - Amundi MSCI EMU since October 2021, in pounds: −23.2% from 12/11/2021 to 30/09/2022. The lowest 12-month return of Multi Units LU - Amundi MSCI EMU in pounds (price only, income paid out not included) since January 2021 was −18.5% (12 months to 14/10/2022); the highest was +28.0% (12 months to 02/01/2026). On 30/09/2026 the price of Multi Units LU - Amundi MSCI EMU was 3.7% below its highest weekly close since October 2021 (14/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Multi Units LU - Amundi MSCI EMU 0.12% a year, as of 01/10/2026: 178 of the 225 other European share funds charge more, 18 the same and 29 less (share classes counted once). ## Funds tracking the same index 8 funds track MSCI EMU, this one included and share classes counted once; their ongoing charges range from 0.12% to 0.19% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | BNP Paribas Easy SICAV - MSCI EMU Capitalisation -UCITS ETF- | — | — | — | — | | iShares Core MSCI EMU UCITS ETF | 0.12% | +16.2% | +63.2% | +68.5% | | iShares Core MSCI EMU UCITS ETF | 0.12% | +20.4% | +72.9% | +81.5% | | Multi Units LU - Amundi MSCI EMU (this fund) | 0.12% | +16.2% | +63.1% | +68.1% | | UBS (Lux) Fund Solutions SICAV - MSCI EMU UCITS ETF | 0.12% | +15.8% | +63.1% | +68.2% | | UBS Core MSCI EMU UCITS ETF-EUR dis- Distribution | 0.12% | +16.2% | +63.2% | +68.2% | | Xtrackers MSCI EMU UCITS ETF Capitalisation 1CUSD hedged | 0.19% | +22.1% | +61.3% | +91.9% | | Xtrackers MSCI EMU UCITS ETF Distribution 1D | 0.14% | +16.3% | +63.3% | +68.4% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.12%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 29/09/2026): | Holding | Weight | |---|---| | ASML | 9.36% | | Siemens Ag-Reg | 3.07% | | SAP SE / Xetra | 2.83% | | Banco Santander SA Madrid | 2.69% | | Schneider Elect | 2.45% | | Allianz Se-Reg | 2.42% | | Totalenergies SE Paris | 2.28% | | Banco Bilbao Vizcaya Argentaria | 2.12% | | Iberdrola | 1.91% | | Safran | 1.74% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Amundi, as of 29/09/2026. | Sector | Weight | |---|---| | Financials | 27.0% | | Industrials | 19.7% | | Information Technology | 16.6% | | Consumer Discretionary | 7.5% | | Utilities | 6.5% | | Health Care | 5.7% | | Consumer Staples | 5.2% | | Energy | 4.1% | | Other sectors | 7.6% | ### By country As published by Amundi, as of 29/09/2026. | Country | Weight | |---|---| | France | 27.1% | | Germany | 25.0% | | Netherlands | 17.3% | | Spain | 11.5% | | Italy | 9.4% | | Finland | 3.4% | | Belgium | 3.2% | | Ireland | 1.2% | | Other countries | 1.8% | All 221 holdings: https://fundology.uk/fund/mfex/holdings --- 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.