- Business
- Amundi MSCI AC Asia Pacific Ex Japan UCITS ETF Acc (LASP.DE) is an exchange-traded fund that seeks to track the performance of the MSCI AC Asia Pacific ex Japan Net Total Return Index, providing exposure to large- and mid-cap equities across developed and emerging markets in the Asia Pacific region excluding Japan, including countries such as China, Hong Kong, India, Indonesia, South Korea, Malaysia, Australia, New Zealand, Singapore, Taiwan and Thailand. The ETF employs a synthetic replication methodology via unfunded swaps; accumulates dividends for reinvestment rather than distribution; and maintains a total expense ratio of 0.60% p.a., with assets under management of approximately EUR 529 million as of late 2025. Domiciled in Luxembourg and issued by Multi Units Luxembourg SICAV—a subsidiary platform of Amundi Asset Management—the fund, launched on April 26, 2006, trades on multiple European exchanges including Deutsche Boerse (LASP.DE), Euronext Paris (AEJ.PA) and the London Stock Exchange.
The ETF targets institutional and retail investors seeking diversified, unhedged currency exposure to Asia Pacific equities outside Japan, with sector allocations spanning financials, technology, consumer discretionary and materials among its approximately 800 holdings. It operates without a sustainability focus and maintains long-only strategy risk, listed for sale in Austria, France, Germany, Italy, Luxembourg, Switzerland and the United Kingdom.
In recent years, the ETF underwent a rebranding from its former name, Lyxor MSCI AC Asia Pacific ex Japan UCITS ETF, following Amundi's 2021 acquisition of Lyxor Asset Management, integrating it into Amundi's expanded ETF platform now exceeding EUR 268 billion in assets as of end-2024. Amundi, the ETF's parent, has pursued aggressive growth through strategic moves including the April 2024 acquisition of private asset manager Alpha Associates; a July 2024 partnership with Victory Capital expected to close in Q1 2025, creating a larger U.S. platform; and a November 2025 long-term alliance with Intermediate Capital Group (ICG), involving a 9.9% economic stake and joint development of private equity secondaries and private debt evergreen funds targeted at wealth investors by mid-2026. Additionally, Multi Units Luxembourg announced in September 2025 the renaming of 21 sub-funds, including shifts to "Amundi Core" prefixes for harmonization, alongside activations of securities lending and updated sustainable investment thresholds across its ETF range in 2023-2025 to enhance portfolio management efficiency.