Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc

What this fund is

Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker LEMA (ISIN LU2573967036). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. 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. Rather than a manager picking stocks, it simply replicates the MSCI Emerging Markets Net Total Return USD Index index — the passive, low-cost approach, and its largest holdings include TAIWAN SEMICONDUCTOR MANUFAC, SAMSUNG ELECTRONIC CO LTD and SK HYNIX INC. Geographically it leans ~28.4% Taiwan, ~21.3% South Korea and ~19.5% China.

Its heaviest sectors are ~43.7% Information Technology and ~18.9% Financials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.14% a year — about €14 a year on a €10,000 holding, taken automatically from the fund. It is an accumulating share class: dividends are rolled straight back in, compounding your returns rather than landing in your account as cash. 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 26.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2023. 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.)