Amundi MSCI China ESG Selection UCITS ETF DR (C)

What this fund is

Amundi MSCI China ESG Selection UCITS ETF DR (C) is an exchange-traded fund (ETF) from Amundi, traded under the ticker CNEG (ISIN LU2343997487). 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 they do well — and their falls when they don't, spread across its target market. It follows the MSCI China ESG Selection P-Series 5% Issuer Capped 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 NETEASE INC. Spread across roughly 169 holdings (the ten largest ≈ 55.5%), no one position makes or breaks the fund.

By geography it is weighted towards ~100% China. By industry it concentrates most in ~30.7% Consumer Discretionary and ~27.9% Communication Services. 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 0.35% a year — about €35 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 Luxembourg and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. Its price has swung about 20.4% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2021. 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.)