ETF · Amundi
MIVO Amundi MSCI Europe Minimum Volatility Factor
ISIN LU1681041627London Stock Exchange: MIVOSAS Rue la Boétie
- European shares
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£152.77
on
- Ongoing charge
- 0.23% a year
- Fund size
- £73.3m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, MIVO (Amundi MSCI Europe Minimum Volatility Factor, ISIN LU1681041627) closed at £152.77 on the London Stock Exchange. Its ongoing charge is 0.23% a year (about £23 on £10,000). Over the five years to 13/11/2026 its total return was +41.2%, or +10.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +11.1%
- +7.1% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +45.6%
- +31.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +41.2%
- +10.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,412 on 13/11/2026 — about £1,102 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 Europe Minimum Volatility Factor in pounds (price, with income reinvested in the fund): 2022 −7.9%, 2023 +8.5%, 2024 +7.1%, 2025 +16.7%; 2026 to 13/11/2026 +13.4%. Returns of Amundi MSCI Europe Minimum Volatility Factor in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +7.0%; to 30/09/2025: +11.6%; to 30/09/2024: +14.8%; to 30/09/2023: +11.7%; to 30/09/2022: −8.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +13.4% | +9.7% | |
| to | +16.7% | +12.7% | |
| to | +7.1% | +3.5% | |
| +8.5% | +4.2% | ||
| −7.9% | −15.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +7.0% | +3.2% |
| from | +11.6% | +7.2% |
| from | +14.8% | +11.9% |
| from | +11.7% | +5.0% |
| from | −8.4% | −15.9% |
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)
10.8%over 5 years
| 1 year | 11.3% |
|---|---|
| 3 years | 9.2% |
| 5 years | 10.8% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −15.5%
- From to
- Lowest 12-month return
- −10.9%
- 12 months to
- Highest 12-month return
- +19.5%
- 12 months to
- Below its highest weekly close since November 2021
- 0.0%
- High of , latest
In words: Volatility of Amundi MSCI Europe Minimum Volatility Factor in pounds, annualised from weekly returns to 13/11/2026: 11.3% over 1 year, 9.2% over 3 years, 10.8% over 5 years. Largest fall in the price of Amundi MSCI Europe Minimum Volatility Factor since November 2021, in pounds: −15.5% from 31/12/2021 to 14/10/2022. The lowest 12-month return of Amundi MSCI Europe Minimum Volatility Factor in pounds (price, with income reinvested in the fund) since January 2021 was −10.9% (12 months to 21/10/2022); the highest was +19.5% (12 months to 27/02/2026). On 13/11/2026 the price of Amundi MSCI Europe Minimum Volatility Factor was at its highest weekly close since November 2021, 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
- 0.23%
- a year
- On £10,000
- £23
- a year, roughly
- Over five years
- £114
- of £10,000, before growth
- 121 charge less
- 6 the same
- 115 charge more
Ongoing charge of Amundi MSCI Europe Minimum Volatility Factor 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 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 Europe Minimum Volatility Factor is an exchange-traded fund (ETF) from Amundi, launched in 2009.
It tracks the MSCI Europe Minimum Volatility (EUR) — large and medium-sized European companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.23% a year — about £23 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.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Key facts
- Ticker
- MIVO
- ISIN
- LU1681041627
- Also listed as
- MIVA (Xetra, euros)
- 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
- 0.23% a year · about £23 on £10,000
- Fund size
- £73.3m
- 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
- European shares
Price chart
Over the last year, the closing price went from £135.35 on 14/11/2025 to £152.77 on 13/11/2026 (+12.9%). The lowest close shown was £132.97 on 21/11/2025 and the highest £152.77 on 13/11/2026.
One close a week. Before 02/10/2026 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
262 weekly closes, from 12/11/2021 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
- 31
- 33 reported in all
- Ten largest
- 56.6%
- of the whole fund
- Effective number of holdings
- 21
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 8.7%
- Aegon
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | AegonAGNFinancialsNetherlands | 8.65% |
| 2 | TotalEnergiesTTEEnergyFrance | 7.72% |
| 3 | Societe GeneraleGLEFinancialsFrance | 6.61% |
| 4 | OrangeORACommunication ServicesFrance | 6.59% |
| 5 | SanofiSANHealth CareFrance | 5.10% |
| 6 | Alphabet · Class AGOOGLCommunication ServicesUnited States | 4.49% |
| 7 | DTE EnergyDTEUtilitiesUnited States | 4.48% |
| 8 | QiagenQGENHealth CareUnited States | 4.38% |
| 9 | AbbVieABBVHealth CareUnited States | 4.32% |
| 10 | BroadcomAVGOInformation TechnologyUnited States | 4.30% |
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 31 largest and what changed since .
All holdings
The fund publishes 33 holdings; the ten largest make up 56.6% 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. 97.8% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Health Technology17.4%
- Electronic Technology17.1%
- Technology Services15.4%
- Finance15.3%
- Energy Minerals7.7%
- Consumer Services6.7%
- Communications6.6%
- Consumer Non-Durables5.8%
- Other classified sectors5.9%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track MSCI Europe Minimum Volatility (EUR), this one included and share classes counted once; their ongoing charges range from 0.23% to 0.25% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi MSCI Europe Minimum Volatility FactorThis fundAccumulating · 0.23% a year | 0.23% | +11.1% | +45.6% | +41.2% |
| iShares Edge MSCI Europe Minimum Volatility UCITS ETFAccumulating · 0.25% a year | 0.25% | +11.3% | +46.1% | +41.8% |
| iShares Edge MSCI Europe Minimum Volatility UCITS ETF DistDistributing · 0.25% a year | 0.25% | +11.2% | +46.1% | +42.0% |
As of
MSCI Europe Minimum Volatility 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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
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 MIVO?
The ongoing charge of MIVO is 0.23% a year — about £23 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 Europe Minimum Volatility Factor 0.23% a year. Compared on 14/11/2026, 115 of the 242 other European share funds charge more, 6 the same and 121 less (share classes counted once).
What does MIVO track?
MIVO tracks the MSCI Europe Minimum Volatility (EUR) — large and medium-sized European companies.
Is MIVO accumulating or distributing?
MIVO 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 MIVO?
The ISIN of MIVO is LU1681041627. An ISIN identifies one exact share class of a fund; MIVO is its ticker on the London Stock Exchange. The same share class is also listed as MIVA (Xetra, euros).
What does MIVO hold?
MIVO 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 MIVO’s returns in each of the last five years?
Calendar-year returns of MIVO in pounds (price, with income reinvested in the fund): 2022 −7.9%, 2023 +8.5%, 2024 +7.1%, 2025 +16.7%; 2026 to 13/11/2026 +13.4%. Past performance is not a guide to future returns.
How has MIVO done after inflation?
Over the five years to 13/11/2026 MIVO’s total return was +41.2%, or +10.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
Fund documents and methods
- Fund documents
- Fund page at Amundi (links checked )
Methodology:ReturnsCategoriesAll methods
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