Amundi Core MSCI Japan UCITS ETF USD Hedged Acc

What this fund is

Amundi Core MSCI Japan UCITS ETF USD Hedged Acc is an exchange-traded fund (ETF) from Amundi, traded under the ticker AMEV (ISIN LU2914157412). 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. It follows the MSCI Japan Net JPY Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include MITSUBISHI UFJ FINANCIAL GROUP, TOKYO ELECTRON JPY50 and TOYOTA MOTOR CORP. Spread across roughly 169 holdings (the ten largest ≈ 29.7%), no one position makes or breaks the fund.

Geographically it leans ~100% Japan. Its heaviest sectors are ~23.3% Industrials and ~20.9% Information Technology. 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 0.14% a year — about €14 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 21.4% over the past year, which describes how much its price tends to move rather than whether it is good. 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.)