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LEM ETF · Amundi MSCI Emerging Markets Swap II UCITS ETF
The LEM Exchange Traded Fund (ETF) is provided by Amundi. It is built to track an index: MSCI Emerging Markets Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). The dividend policy is capitalization.
Share class
Acc
EUR
Last update Today at 7:00 AM UTC
LIVE
CLOSED
This fund is part ofEmerging Market Blended Cap1M perf.+9.43%
Last price
€17.57
1M perf.
+11.64%
1M flows
-€36M
AuM
€928M
E/R
0.55%
Rating
ESG Consensus®
LEM
€17.57
Performance & flows
Segment for quartile rank
January 23, 2026 → April 23, 2026
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LEM
€17.32
+7.37%
Emerging Market Blended Cap
+6.81%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +11.64%  | +7.37%  | +43.89% | +63.60% | +34.76% | +12.76% | +12.76% | +14.66% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/23/2026
€17.32
1D NAV change
-0.41%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
1207
Inception date
4/17/2007
Jurisdiction
France
Distribution
Norway
Finland
Spain
Chile (Qualified Investor)
Germany
Legal structure
SICAV
Base currency
EUR
Classification
Share class info
EUR capitalizing
Total AuM of fund
€1.06B
Decimalisation of shares
No
Investment strategy
Amundi MSCI Emerging Markets Swap II UCITS ETF seeks to replicate, as closely as possible, whether the trend is rising or falling, the performance of the MSCI Emerging Markets Net Total Return USD Index (the Index), and to minimize the tracking error between the net asset value of the Sub-Fund and the performance of the Index. The anticipated level of tracking error, under normal market conditions, is indicated in the prospectus of the Sub-Fund. For further information, please refer to the fund prospectus or KID.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +7.37% | +43.89% | +63.60% | +34.76% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Exposure based on a proxy
More info
Countries
Taiwan
22.19%
Republic of Korea
15.43%
Cayman Islands
12.99%
India
12.57%
China
10.92%
Brazil
4.49%
South Africa
3.07%
Saudi Arabia
3.06%
Mexico
2.08%
Other
13.19%
Sectors
Information Technology
31.72%
Financials
20.18%
Consumer Discretionary
9.50%
Communication Services
7.49%
Materials
6.52%
Industrials
6.12%
Energy
4.24%
Consumer Staples
3.05%
Unavailable
5.28%
Other
5.90%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 1207
Top 15 holdings
Data as of March 31, 2026
Exposure based on a proxy
More info
TWN SEMICONT MAN
SAMSUNG ELECTR
TENCENT HOLDINGS
SK HYNIX
ALIBABA GROUP HOLDING LTD
CHINA CONSTRUCTION BANK
HDFC BANK
RELIANCE INDUSTRIES
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DELTA ELECTRONIC
HON HAI PRECISION INDUSTRY
PINDUODUO INC ADR
MEDIATEK INC
XIAOMI CORP
ICICI BANK
SAMSUNG ELEC-1P PRF
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of March 31, 2026
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LEM
N/A
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Amundi
Amundi ID Card
Number of funds
638
Total AuM
€377.97B
Expense ratio range
0.03% - 0.85%
Average expense ratio
0.2334%
Top 5 funds by Amundi
| AuM | ||
|---|---|---|
MEUDN | Amundi Core Stoxx Europe 600 UCITS ETF | €17.95B |
SP5L | Amundi Core S&P 500 Swap UCITS ETF | €13.82B |
MWRD | Amundi Core MSCI World UCITS ETF | €12.97B |
GOLD | AMUNDI PHYSICAL GOLD ETC | €11.02B |
WLD | Amundi MSCI World Swap II UCITS ETF | €8.05B |
Frequently asked questions about LEM
What does Amundi MSCI Emerging Markets Swap II UCITS ETF, LEM, invest in?
LEM is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Emerging markets Equities.
Which benchmark or index does LEM replicate?
LEM tracks the MSCI Daily Emerging Markets Net Total Return Index - EUR, through a unfunded swap replication method.
What is the Total Expense ratio (TER) of LEM?
LEM carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was LEM launched?
LEM was introduced to the market on April 17, 2007. It trades on Norway, among other exchanges
Who is the ETF issuer of LEM?
Amundi MSCI Emerging Markets Swap II UCITS ETF, LEM, is provided by Amundi. Learn more about Amundi here.
Does LEM have multiple share classes?
Yes, LEM is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of LEM?
LEM oversees €928M in assets as of April 23, 2026.
How has LEM performed lately?
Based on data from April 23, 2026, LEM returned 11.64% over the past month, 7.37% over the last three months and 14.66% year-to-date.
What are the latest inflows or outflows for LEM?
As of April 23, 2026, LEM recorded net flows of -€36M over the last month and -€23M year-to-date.
Does LEM distribute dividends?
LEM follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of LEM?
As of March 31, 2026, LEM has significant geographic allocations in Taiwan, Republic of Korea and Cayman Islands.
In which sector or theme does LEM invest in?
As of March 31, 2026, LEM focuses largely on Information Technology, Financials and Consumer Discretionary.
How many securities does LEM hold and how diversified is it?
As of March 31, 2026, LEM holds 1207 positions in its portfolio, with 35.11% of assets concentrated in its top 15 holdings.
What are the main positions in LEM?
As of March 31, 2026, LEM top three holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
What is the base currency of LEM?
The base currency of LEM is EUR.
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