Amundi MSCI China UCITS ETF Acc

What this fund is

Amundi MSCI China UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker LCCN (ISIN LU1841731745). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. In plain terms 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, spread across its target market. It follows the MSCI China Net Total Return USD Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include TENCENT HOLDINGS LTD, ALIBABA GROUP HOLDING LTD and CHINA CONSTRUCTION BANK HK. Its biggest country exposures are ~100% China.

By industry it concentrates most in ~23% Consumer Discretionary and ~19.2% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.29% a year — about €29 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 tracks its index through a swap agreement rather than owning every holding (synthetic replication); it is domiciled in Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in USD.

Its price has swung about 28.1% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2018. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Amundi.)