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Amundi MSCI Nordic UCITS ETF EUR Acc

Amundi · LU1681044647

Amundi MSCI Nordic UCITS ETF EUR Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker CN1 (ISIN LU1681044647). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when…

· Tracks the MSCI Daily Net TR Nordic Countries Euro index ?

Equity ?Accumulating ?Physical ?LU ?

Low yearly feeReinvests dividendsOwns the shares directlyEuropeConcentrated in a few names

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Amundi funds Domiciled in LU Accumulating Physically replicated Europe stocks Yearly fee under 0.25%

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Fund size (AUM) ?

€306.4M

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+17.1%

Total return · to 2026-08-24

Yearly fee (TER) ?

0.25%

All-in cost ≈ 0.25%

About this fund

What you own

The MSCI Daily Net TR Nordic Countries Euro index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 85 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.25%Yearly fee (TER)

0.25%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI Daily Net TR Nordic Countries Euro

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Mar 2018

8-year track record

Recommended holding period

5 years

Performance

Growth of €100 invested — the line starts at €100.

Amundi MSCI Nordic UCITS ETF EUR Acc

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+11.2%

1 year+17.1%

3 years+9.3%

5 years+4.2%

Return, year by year

-11.7

+16.1

-1.9

+6.7

'22'23'24'25

2 of 4 up yearsBest: 2023 +16.1%Worst: 2022 -11.7%Calendar-year total returns, in EUR

How bumpy has it been?

14.8%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-26.7%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.57

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

+30.4%

Since inception

Total growth since launch — about +5.3% a year.

+31.5%

Best 12 months

The strongest one-year stretch on record.

-20.9%

Worst 12 months

The weakest one-year stretch on record.

-26.7%

Worst fall on record ?

It clawed back in about 14 months.

What's inside

By sector ?

Industrials32.8%

Financials23.0%

Health Care12.9%

Communication Services7.8%

Technology6.6%

Materials5.7%

Energy4.0%

Consumer Staples3.6%

The 10 biggest holdings make up 41.0% of the fund — the rest is spread across roughly 75 more companies.

Top 10 holdings

#	Company	Weight
1	NOVO NORDISK A/S-B	9.6%
2	SPOTIFY TECHNOLOGY SA	4.9%
3	INVESTOR AB-B SHS	4.8%
4	NORDEA BANK ABP	3.9%
5	VOLVO AB-B SHS	3.6%
6	ATLAS COPCO AB-A SHS	3.4%
7	NOKIA OYJ HELSINKI	3.2%
8	DSV A/S (DKK)	2.7%
9	SANDVIK AB	2.6%
10	ASSA ABLOY AB -B	2.3%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
SIX	CN1	CHF	★ Primary
EUR listings
B2	CN1	EUR
Borsa Italiana	CN1	EUR
E1	CN11GBX	EUR
EB	CN1P	EUR
EB	CN1GD	EUR
EO	CN11GBX	EUR
EP	CN11GBX	EUR
EP	CN1EUR	EUR
EU	CN11GBX	EUR
Euronext Paris	CN1	EUR
EZ	CN11GBX	EUR
EZ	CN1EUR	EUR
Frankfurt	CN1G	EUR
GD	CN1G	EUR
GF	CN1G	EUR
GH	CN1G	EUR
GM	CN1G	EUR
GS	CN1G	EUR
GT	CN1G	EUR
GZ	CN1G	EUR
I2	CN1GD	EUR
I2	CN1P	EUR
IX	CN1P	EUR
IX	CN1GD	EUR
L1	CN1GD	EUR
LA	CN1G	EUR
LU	CN1G	EUR
PO	CN1Z	EUR
QE	CN1P	EUR
QE	CN1GD	EUR
QT	CN1G	EUR
QX	CN1P	EUR
QX	CN1GD	EUR
S1	CN1P	EUR
S4	CN1P	EUR
SE	CN1	EUR
T1	CN1P	EUR
TH	CN1G	EUR
TQ	CN1P	EUR
X9	CN11EUR	EUR
X9	CN11GBX	EUR
XA	CN11GBX	EUR
XE	CN11GBX	EUR
XETRA	CN1	EUR
XF	CN11GBX	EUR
XG	CN11GBX	EUR
XH	CN11GBX	EUR
XJ	CN11GBX	EUR
XL	CN11GBX	EUR
XO	CN11GBX	EUR
XQ	CN11GBX	EUR
XU	CN11GBX	EUR
XV	CN11GBX	EUR
XW	CN11GBX	EUR
XX	CN11GBX	EUR
XZ	CN11GBX	EUR

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-08-24 · the fund's own published holdings.

#	Company	Weight
1	NOVO NORDISK A/S-B	9.6%
2	SPOTIFY TECHNOLOGY SA	4.9%
3	INVESTOR AB-B SHS	4.8%
4	NORDEA BANK ABP	3.9%
5	VOLVO AB-B SHS	3.6%
6	ATLAS COPCO AB-A SHS	3.4%
7	NOKIA OYJ HELSINKI	3.2%
8	DSV A/S (DKK)	2.7%
9	SANDVIK AB	2.6%
10	ASSA ABLOY AB -B	2.3%
11	DANSKE BANK A/S	2.3%
12	SKANDINAVISKA ENSKILDA BANKEN A	2.1%
13	SWEDBANK AB	2.0%
14	VESTAS WIND SYSTEMS A/S	2.0%
15	EQUINOR ASA	1.9%
16	ATLAS COPCO AB-B SHS	1.8%
17	DNB BANK ASA	1.7%
18	SAMPO OYJ-A SHS	1.7%
19	ERICSSON LM-B SHS	1.7%
20	NOVONESIS (NOVOZYMES) B	1.6%
21	HEXAGON AB-B SHS	1.4%
22	SAAB AB-B	1.4%
23	SVENSKA HANDELSBKN SER A	1.3%
24	GENMAB A/S	1.3%
25	KONE OYJ-B	1.3%
26	ALFA LAVAL AB	1.1%
27	EPIROC AB-A	1.1%
28	BOLIDEN AB	1.1%
29	WARTSILA OYJ	1.1%
30	ESSITY AKTIEBOLAG - B	1.0%
31	NESTE OYJ	1.0%
32	EQT AB	1.0%
33	UPM-KYMMENE OYJ	0.9%
34	KONGSBERG GRUPPEN ASA	0.9%
35	METSO CORP	0.8%
36	CARLSBERG AS-B	0.8%
37	NORSK HYDRO ASA NOK20	0.8%
38	AKER BP ASA	0.8%
39	AP MOLLER-MAERSK A/S-B	0.7%
40	TELIA CO AB / SEK	0.7%
41	EVOLUTION AB	0.7%
42	FORTUM OYJ	0.7%
43	ORION OYJ-CLASS B	0.6%
44	TELE2 AB-B SHS NEW	0.6%
45	SKF AB-B SHARES	0.6%
46	ORSTED A/S	0.6%
47	MOWI ASA	0.6%
48	SKANSKA AB-B SHS	0.6%
49	ADDTECH AB-B SHARES	0.6%
50	PANDORA A/S (DKK)	0.6%
51	INDUSTRIVARDEN AB-C SHS	0.6%
52	EPIROC AB-B	0.6%
53	TELENOR ASA	0.6%
54	TRELLEBORG AB	0.5%
55	MILLICOM INTL CELLULAR S.A.	0.5%
56	SWEDISH ORPHAN BIOVITRUM AB	0.5%
57	COLOPLAST-B	0.5%
58	HENNES & MAURITZ AB-B SHS	0.5%
59	AP MOLLER-MAERSK A/S-A	0.5%
60	YARA INTERNATIONAL ASA	0.5%
61	ORKLA ASA	0.5%
62	SECURITAS AB -B-SEK5	0.5%
63	TRYG A/S	0.5%
64	LIFCO AB-B SHS	0.4%
65	INDUTRADE AB	0.4%
66	KESKO OYJ-B SHS	0.4%
67	SVENSKA CELLULOSA AB	0.4%
68	NIBE INDUSTRIER AB-B SHS	0.4%
69	STORA ENSO OYJ-R SHS	0.4%
70	ELISA OYJ	0.4%
71	GJENSIDIGE FORSIKRING ASA	0.4%
72	BEIJER REF AB	0.4%
73	INDUSTRIVAERDEN -A-	0.4%
74	VAR ENERGI ASA	0.3%
75	SAGAX AB-B	0.3%
76	LUNDBERGS AB-B SHS	0.3%
77	SALMAR ASA	0.3%
78	DEMANT A/S	0.2%
79	OCTAVE INTELLIGENCE PLC-SDR	0.2%
80	FASTIGHETS AB BALDER-B SHRS	0.2%
81	ROCKWOOL A/S-B SHS	0.2%
82	INVESTMENT AB LATOUR-B SHS	0.2%
83	VERISURE PLC	0.2%
84	OMXS30 IND 09/26 SOM	0.0%
85	EURO STOXX 50 09/26 EUREX	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 27% of similar ETFs💰 All-in cost cheaper than 34%📈 Higher 1-yr return than 49%📈 Higher 3-yr return than 25%📈 Higher 5-yr return than 19%📊 Behind its category by 0.3% (1-yr) (category average +17.4%)📊 Behind its category by 3.4% (3-yr) (category average +12.6%)📊 Behind its category by 3.4% (5-yr) (category average +7.6%)

Versus the Equity (stocks) · Europe · EUR ETFs we track.

Advanced risk

0.79

Sortino (3y) ?

0.35

Calmar (3y) ?

10.2%

Downside deviation ?

75%

Up months (hit rate) ?

€727.50

52-week high ?

€604.20

52-week low ?

Concentration depth

~36 ?

Effective number of holdings

Roughly 85 companies are held, but the largest names carry most of the weight — so it behaves like ~36 equal-sized positions.

Tilt vs a world tracker

United States-72.1

Sweden+49.4

Denmark+23.6

Technology-22.6

Industrials+21.2

Finland+16.2

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Estimated fund flows

+€2.1M

Estimated net flow, last month

Estimated from fund-size changes.

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Europe stocks

Compare side by side

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	Amundi MSCI Nordic UCITS ETF EUR AccAmundiYou're viewing	Invesco S&P 500 UCITS ETF EUR Hdg AccInvescoBroader match	Amundi Core S&P 500 Swap UCITS ETF EUR Hedged AccAmundiBroader match	Amundi Core S&P 500 Swap UCITS ETF EUR Hedged DistAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF AccAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged AccAmundiBroader match	Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged DistAmundiBroader match
Why it's similar	This is the fund on this page.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	MSCI Daily Net TR Nordic Countries Euro	S&P 500 Daily Hedged Euro Net Total Return Index	S&P 500 Daily Hedged Euro Index Net TR	S&P 500 Daily Hedged Euro Index Net TR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR
Yearly fee (TER)	0.25%	0.05%	0.07%	0.07%	0.07%	0.09%	0.15%
All-in cost	0.25%	0.45%	0.00%	0.07%	0.07%	0.09%	0.15%
Fund size	€306.4M	€50.2B	€28.7B	€28.6B	€21.7B	€21.6B	€21.4B
Domicile	LU	Ireland	LU	LU	LU	LU	LU
Replication	Physical (full)	Synthetic (swap)	Synthetic (swap)	Synthetic (swap)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+9.3%	+19.2%		+19.0%
5-yr return p.a.	+4.2%	+10.0%		+9.5%
# holdings	85	295	10	10	613	613	613

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Data as of 2026-08-24 · Source: issuer data, compiled by Finance Hamster

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