(EMXC) Amundi MSCI Emerging Ex - Ratings and Ratios

Amundi MSCI Emerging Ex China UCITS ETF Acc (Ticker: EMXC), listed on XETRA, is a Germany-domiciled ETF designed to provide exposure to emerging markets equities while excluding China. With an AUM of 939.53M EUR, it is a sizeable fund that offers diversification across a broad range of emerging economies.

The fund tracks the Morningstar EM TME NR USD Index, which focuses on emerging markets excluding China. This exclusion is notable for investors seeking to reduce exposure to China-specific risks, such as geopolitical tensions or regulatory changes. The ETF’s tracking error has historically been tight, typically ranging between 2-3%, indicating strong alignment with its underlying index.

From a cost perspective, EMXC has an expense ratio of 0.18%, which is competitive within the emerging markets ETF space. Its annual turnover ratio typically falls between 30-40%, suggesting a relatively stable portfolio with limited churn. This can be beneficial for long-term investors aiming to minimize trading costs.

The ETF holds approximately 600 securities, providing broad diversification across emerging markets. Geographically, the portfolio is weighted toward Asia (excluding China), Latin America, EMEA (Europe, Middle East, and Africa), and Emerging Europe. Sector-wise, it is heavily allocated to Information Technology, Financials, Consumer Discretionary, and Communication Services. Notably, the fund avoids concentration risk, with its top 10 holdings each representing less than 5% of the portfolio.

For investors, EMXC offers a UCITS-compliant structure, which ensures adherence to European regulatory standards. It is listed on XETRA, making it accessible to European investors. The absence of P/E, P/B, and other valuation metrics in the provided data suggests that the fund’s strategy is more focused on index tracking rather than seeking to capitalize on specific valuation opportunities.