Amundi has launched Europe’s first emerging markets ex-China ETF with an ESG tilt and a China ESG strategy, ETF Stream can reveal.

The Amundi MSCI EM ex-China ESG Leaders Select UCITS ETF (EMXG) and the Amundi MSCI China ESG Leaders Select UCITS ETF (CNEG) are listed on the London Stock Exchange with a total expense ratios (TER) of 0.35% and 

The ETFs will offer exposure to the MSCI Emerging Markets ex-China ESG Leaders Select 5% Issuer Capped index and the MSCI China ESG Leaders Select 5% Issuer Capped index, respectively.

The MSCI China ESG Leaders Select 5% Issuer Capped index tracks large and mid-cap companies across Chinese markets, with the three of the top five holdings including Tencent (5.6%), Alibaba Group Holdings (5%) and Chinese shopping platform Meitun (6.6%).

The MSCI Emerging Markets ex-China ESG Leaders Select 5% Issuer Capped index tracks large and mid-cap companies across 26 emerging market countries including Taiwan, Russia, Brazil and India.

There are two emerging markets ex-China ETFs currently available in Europe, the Lyxor MSCI Emerging Markets Ex China UCITS ETF (EMXC) and the iShares MSCI EM ex-China UCITS ETF (EXCH).

In September, Amundi threw down the gauntlet to its rivals with the launch of Europe’s cheapest emerging market ETF by two basis points. The Amundi Prime Emerging Markets UCITS ETF (PRAM) is listed on Deutsche Boerse with a TER of 0.10%.

Amundi offers two more broad emerging market ETFs in Europe, the physically-replicated Amundi Index MSCI Emerging Markets UCITS ETF (AEME) and the synthetically-replicated Amundi MSCI Emerging Markets UCITS ETF (AEEM), which both charge 0.20%.

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