- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 5 Allée Scheffer Luxembourg City Luxembourg L-2520
- IPO Date
- Feb 25, 2019
- Business
- Amundi MSCI China ESG Selection Extra UCITS ETF Acc (LCHI.DE) is an exchange-traded fund that seeks to replicate the performance of the MSCI China ESG Selection P-Series Extra Net Total Return Index, providing exposure to large- and mid-cap Chinese equities selected for robust environmental, social, and governance (ESG) profiles relative to their sectors, with a positive trend in ESG improvements and exclusion of companies involved in controversial activities such as tobacco, weapons, or thermal coal. The ETF employs full physical replication, is accumulating in structure with dividends reinvested, and carries a total expense ratio (TER) of 0.65% per annum; it is domiciled in Luxembourg under Multi Units Luxembourg SICAV, with assets under management of approximately EUR 526-552 million and listings including Xetra (LCHI.DE), Munich Stock Exchange, and London Stock Exchange. Launched on July 21, 2005, and managed by Amundi Luxembourg S.A., a subsidiary of Amundi, Europe's largest asset manager headquartered in Paris, France, the fund targets institutional and retail investors seeking sustainable equity exposure to China, a key emerging market segment.
The ETF's portfolio comprises around 165 holdings, led by major constituents such as Tencent Holdings Ltd., Alibaba Group Holding Ltd., China Construction Bank Corp., Meituan, and Industrial & Commercial Bank of China Ltd., focusing on diversified sectors within China while prioritizing ESG leadership and trend momentum to minimize tracking error against the benchmark. It operates without currency hedging, exposing investors to unhedged CNY/EUR fluctuations, and is classified under Article 8 of the SFDR for sustainable investment characteristics, appealing to ESG-conscious allocators in Europe and beyond.
In June 2025, the fund underwent a name change from Amundi MSCI China ESG Leaders Extra UCITS ETF Acc to its current designation and a benchmark update from the MSCI China Select ESG Rating and Trend Leaders Net Total Return Index to the MSCI China ESG Selection P-Series Extra Net Total Return Index, enhancing alignment with evolving ESG methodologies amid Amundi's broader product optimization efforts. Amundi has continued expanding its ETF suite, including new ESG equity launches like the MSCI USA Screened UCITS ETF and MSCI World Screened UCITS ETF in late 2025, alongside fixed income innovations and a strategic plan announced in November 2025 targeting 100 new ETFs by 2028, emphasizing active and white-label offerings. Recent parent-level developments encompass partnerships such as with Satrix for index solutions, integration of Alpha Associates, and a collaboration with ICG in private assets, alongside ETF domicile shifts from Luxembourg to Ireland for select products to leverage favorable U.S. dividend withholding tax rates, though this fund remains Luxembourg-based.