- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 5 Allée Scheffer Luxembourg City Luxembourg L-2520
- IPO Date
- Jul 5, 2018
- Business
- Multi Units Luxembourg - Amundi MSCI China UCITS ETF Acc - Capitalisation (LCCN.L) is a Luxembourg-domiciled exchange-traded fund that seeks to track the performance of the MSCI China Index, which includes the largest and most liquid Chinese stocks across A-shares, H-shares, B-shares, Red Chips and P Chips; it employs a synthetic replication method via an unfunded swap; dividends are accumulated and reinvested. The ETF, launched on July 5, 2018, as a SICAV structure with a total expense ratio of 0.29% p.a., is listed on multiple exchanges including the London Stock Exchange, Euronext Paris and Borsa Italiana, and is available for sale in countries such as France, Germany, Italy, Luxembourg, Mexico, Switzerland and the United Kingdom. Managed by Amundi ETF, a division of Amundi S.A. -- Europe's leading asset manager headquartered in Paris, France and founded in 2010 through the merger of Crédit Agricole Asset Management and Société Générale Asset Management -- the fund targets institutional and retail investors seeking exposure to the Chinese equity market within the broader Asia emerging markets segment.
Amundi S.A., the fund's provider and a subsidiary majority-owned by Crédit Agricole Group, offers a comprehensive range of active and passive investment solutions including equities, fixed income, multi-asset, alternatives, real assets and ETFs across traditional and thematic strategies; it serves over 100 million clients worldwide through retail, institutional and corporate channels with assets under management exceeding €2 trillion. The company operates globally with key hubs in Europe, Asia (including joint ventures like SBI Funds Management in India), North America (via Amundi US in Boston), Latin America and other regions, emphasizing sustainable investing with significant ESG-integrated assets.
Recent developments for Amundi include a long-term strategic and equity partnership announced in November 2025 with Intermediate Capital Group (ICG), under which Amundi will acquire a 9.9% non-dilutive economic stake in ICG to accelerate distribution of private assets; the collaboration entails joint development of evergreen funds such as private equity secondaries and private debt products targeted at wealth investors, with initial launches planned for the first half of 2026. Amundi also unveiled its 2025-2028 strategic plan in November 2025 to drive value creation through geographic expansion in Asia (targeting €150 billion in net inflows), Northern Europe and high-potential regions, alongside a new dedicated business line for France and Italy; these initiatives build on ongoing ETF growth, including strong performance in emerging markets exposure like the LCCN.L fund, which reported assets around €550-600 million as of late 2025. No specific acquisitions, funding rounds or reorganizations directly impacting the LCCN.L ETF were noted in the past 1-2 years, though Amundi continues to enhance its passive ETF offerings amid favorable inflows.