(AASI) Index Solutions - MSCI Em - Overview

The Amundi MSCI EM Asia UCITS ETF-C EUR (ticker AASI) is a France-domiciled, accumulating ETF that tracks the MSCI Emerging Markets Asia ex-Japan Total Market Index (NR, USD). It provides broad exposure to large-, mid- and small-cap equities across China, South Korea, Taiwan, India and other emerging Asian economies, with a EUR-hedged share class to mitigate currency risk for European investors.

Key up-to-date metrics (as of 25 Jan 2026):
• Expense ratio: 0.20 % p.a., consistent with peer-group averages.
• Assets under management (AUM): ≈ €3.8 bn, up 12 % YoY, reflecting renewed inflows into Asian emerging-market equities.
• Top five holdings (≈ 22 % of NAV): Tencent (4.1 %), Samsung Electronics (3.8 %), Alibaba Group (3.5 %), Taiwan Semiconductor (3.2 %), and Reliance Industries (2.9 %).
• Sector breakdown: Technology ≈ 35 %, Consumer Discretionary ≈ 20 %, Financials ≈ 15 %, Industrials ≈ 12 %, Others ≈ 18 %.
• Performance: YTD + 7.4 % (EUR-hedged), 12-month + 4.9 %, 3-year annualised + 6.2 %.

Current drivers of the ETF’s performance include: (i) China’s “dual circulation” policy, which is beginning to translate into modest domestic consumption growth (Q4 2025 retail sales + 4.2 % YoY); (ii) South Korea’s export-led recovery, supported by a 1.5 % quarterly GDP boost from semiconductor demand; and (iii) India’s fiscal stimulus package (₹ 2 trn) that is expected to lift private-sector investment by ~3 % YoY. Conversely, any escalation of geopolitical tensions in the Taiwan Strait or a sharp slowdown in Chinese real-estate activity would materially increase downside risk.

For a deeper, data-driven view of how these macro and sector dynamics may affect AASI’s risk-adjusted return profile, you might explore the analytics on ValueRay.