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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.-11.27%
Last price
€16.08
1M perf.
-7.95%
1M flows
N/A
AuM
€854M
E/R
0.55%
Rating
ESG Consensus®
LEM
€16.08
Performance & flows
Segment for quartile rank
December 31, 2025 → March 31, 2026
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LEM
€15.36
+1.69%
Emerging Market Blended Cap
-0.06%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -7.95%  | +1.69%  | +21.08%  | +41.14% | +19.89% | -10.94% | +1.69% | +1.69% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/31/2026
€15.36
1D NAV change
-1.54%
Dividend policy
Replication method
Indirect
Replication model
Unfunded swap
No. of holdings
1206
Inception date
4/17/2007
Jurisdiction
France
Distribution
United Kingdom
Singapore (Qualified Investor)
Denmark
Finland
Norway
Legal structure
SICAV
Base currency
EUR
Classification
Share class info
EUR capitalizing
Total AuM of fund
€968M
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 | +1.69% | +21.08%  | +41.14% | +19.89% |
| 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
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Exposure
Exposure based on a proxy
More info
Countries
Taiwan
22.09%
Republic of Korea
18.05%
India
12.80%
Cayman Islands
12.45%
China
9.94%
Brazil
3.97%
South Africa
3.30%
Saudi Arabia
2.55%
Mexico
1.97%
Other
12.87%
Sectors
Information Technology
33.38%
Financials
19.35%
Consumer Discretionary
9.58%
Communication Services
7.20%
Materials
6.78%
Industrials
6.18%
Energy
3.63%
Consumer Staples
2.86%
Unavailable
5.90%
Other
5.13%
Diversification
Exposure based on a proxy
More info
Total weight of top 15 holdings out of 1206
Top 15 holdings
Data as of February 28, 2026
Exposure based on a proxy
More info
TWN SEMICONT MAN
SAMSUNG ELECTR
TENCENT HOLDINGS
SK HYNIX
ALIBABA GROUP HOLDING LTD
HDFC BANK
CHINA CONSTRUCTION BANK
HON HAI PRECISION INDUSTRY
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MEDIATEK INC
RELIANCE INDUSTRIES
DELTA ELECTRONIC
SAMSUNG ELEC-1P PRF
XIAOMI CORP
ICICI BANK
US0669224778
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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:
Replication quality
Calculated over 12m, as of March 31, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Daily Emerging Markets Net Total Return Index - EUR
Index ticker
MSDEEEMN Index
Index dividend policy
NTR
Replication method
Replication model
More replication analysis are available, exclusively in Trackinsight Enterprise
Issuer
Amundi
Amundi ID Card
Number of funds
636
Total AuM
€353.3B
Expense ratio range
0.03% - 0.85%
Average expense ratio
0.2336%
Top 5 funds by Amundi
| AuM | ||
|---|---|---|
MEUDN | Amundi Core Stoxx Europe 600 UCITS ETF | €16.78B |
SP5L | Amundi Core S&P 500 Swap UCITS ETF | €12.76B |
MWRD | Amundi Core MSCI World UCITS ETF | €11.87B |
GOLD | AMUNDI PHYSICAL GOLD ETC | €10.71B |
WLD | Amundi MSCI World Swap II UCITS ETF | €7.49B |
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 United Kingdom, 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 €854M in assets as of March 31, 2026.
How has LEM performed lately?
Based on data from March 31, 2026, LEM returned -7.95% over the past month, 1.69% over the last three months and 1.69% year-to-date.
What are the latest inflows or outflows for LEM?
As of March 31, 2026, LEM recorded net flows of +€12M 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 February 28, 2026, LEM has significant geographic allocations in Taiwan, Republic of Korea and India.
In which sector or theme does LEM invest in?
As of February 28, 2026, LEM focuses largely on Information Technology, Financials and Consumer Discretionary.
How many securities does LEM hold and how diversified is it?
As of February 28, 2026, LEM holds 1206 positions in its portfolio, with 36.66% of assets concentrated in its top 15 holdings.
What are the main positions in LEM?
As of February 28, 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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