Amundi Russell 1000 Growth UCITS ETF Acc

What this fund is

Amundi Russell 1000 Growth UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker MWOT (ISIN IE0005E8B9S4). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. At its core it is a focused, thematic fund: it concentrates on the information technology part of the market, so it lives or dies by that one area rather than the economy as a whole. Underneath, it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't. It follows the Russell 1000 Growth Net index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include NVIDIA CORP, APPLE INC and ALPHABET INC CL A.

Spread across roughly 334 holdings (the ten largest ≈ 55.7%), no one position makes or breaks the fund. By geography it is weighted towards ~100% United States. Its heaviest sectors are ~53.1% Information Technology and ~16.8% Communication Services. A focused fund like this is typically held as a smaller 'satellite' position around a broader core — a way to lean into one theme, not usually a portfolio's only holding. Its ongoing charge (TER) is 0.19% a year — about €19 a year on a €10,000 holding, taken automatically from the fund.

Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. It launched in 2024. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Amundi.)