ETF comparison

CEBL vs AASI

iShares MSCI EM Asia UCITS ETF
IE00B5L8K969iShares
Amundi MSCI EM Asia UCITS ETF EUR Acc
LU1681044480Amundi
Figures as of October 1, 2026 (CEBL) · September 30, 2026 (AASI)

The comparison in short

CEBL (iShares MSCI EM Asia UCITS ETF, IE00B5L8K969) and AASI (Amundi MSCI EM Asia UCITS ETF EUR Acc, LU1681044480) both track the MSCI Emerging Markets Asia index. CEBL and AASI have the same total expense ratio (TER), 0.20% a year. CEBL is the larger fund, with USD 8.7bn in assets against EUR 2.6bn for AASI. CEBL reports 538 holdings and AASI 102. AASI replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, CEBL returned +32.4% and AASI +16.5%, a gap of 15.9 percentage points. Over 5 years, CEBL returned +9.9% a year and AASI +9.9% a year. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. CEBL and AASI both reinvest their income (accumulating share classes). CEBL holds the index securities directly (physical replication), while AASI replicates its index through a swap (synthetic). CEBL is domiciled in Ireland and AASI in Luxembourg. CEBL and AASI both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureCEBLAASI
ISINIE00B5L8K969LU1681044480
Exchange tickersCEBL, CSEMAS, CEA1AASI, AMEA, AM68
Fund houseiSharesAmundi
Total expense ratio (TER)0.20%0.20%
Ongoing charges (KID)0.20%0.20%
Fund sizeUSD 8.7bnEUR 2.6bn
Launch dateAugust 6, 2010March 21, 2018
ReplicationPhysicalSynthetic (swap)
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDEUR
Number of holdings538102
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6—
BenchmarkMSCI EM Asia Index NetMSCI Emerging Markets Asia Net Total Return Index

Performance

Calendar-year returns

YearCEBLAASIDifference
2025+32.4%+16.5%+15.9
2024+12.0%+19.4%−7.4
2023+7.6%+3.9%+3.7
2022−21.0%−16.1%−4.9
2021−5.2%+1.8%−7.0
2020+27.6%+17.3%+10.3

Annualised returns

PeriodCEBLAASIDifference
1 year+32.4%+37.1%−4.7
3 years+26.2%+23.1%+3.1
5 years+9.9%+9.9%0.0
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

AASI replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

Top 10 holdings of CEBL

#HoldingWeight
1
TAIWAN SEMICONDUCTOR MANUFACTURING
18.74%
2
SAMSUNG ELECTRONICS LTD
9.19%
3
SK HYNIX
7.21%
4
ISH MSCI CHINA A ETF USD ACC
4.05%
5
TENCENT HOLDINGS
3.26%
6
ALIBABA GROUP HOLDING
2.20%
7
MEDIATEK
2.18%
8
SAMSUNG ELECTRONICS NON VOTING PRE
1.17%
9
DELTA ELECTRONICS
1.12%
10
CHINA CONSTRUCTION BANK CORP H
1.02%

Top 10 holdings of AASI

AASI replicates its index through a swap: the securities it publishes are the collateral basket behind the swap, not the index, so they are not compared.
#HoldingWeight
1
AMAZON.COM INC
9.06%
2
MICROSOFT CORP
9.04%
3
APPLE INC
8.93%
4
META PLATFORMS INC-CLASS A
8.51%
5
NVIDIA CORP
4.40%
6
ALPHABET INC CL A
4.40%
7
TEXAS INSTRUMENTS COM USD1
4.36%
8
TESLA INC
3.76%
9
VISA INC-CLASS A SHARES
3.19%
10
TOTALENERGIES SE PARIS
2.55%
Compare every published holding of CEBL and AASI in the overlap checker

Sectors and countries

Largest sectors of CEBL

  1. Information Technology51.6%
  2. Financials17.5%
  3. Consumer Discretionary7.6%
  4. Industrials6.0%
  5. Communication5.7%
  6. Materials2.9%
+ 4 more

Largest sectors of AASI

  1. Information Technology52.5%
  2. Financials14.6%
  3. Consumer Discretionary8.0%
  4. Industrials6.6%
  5. Communication Services5.9%
  6. Materials3.4%
+ 4 more

Largest countries of CEBL

  1. Taiwan34.6%
  2. Korea (South)26.2%
  3. China19.0%
  4. India12.5%
  5. Ireland4.1%
  6. Thailand1.1%
+ 2 more

Largest countries of AASI

  1. Taiwan34.8%
  2. South Korea25.7%
  3. China23.8%
  4. India12.8%
  5. Thailand1.1%
  6. Malaysia1.1%
+ 2 more

Frequently asked questions

What is the difference between CEBL and AASI?

CEBL (iShares MSCI EM Asia UCITS ETF, IE00B5L8K969) and AASI (Amundi MSCI EM Asia UCITS ETF EUR Acc, LU1681044480) both track the MSCI Emerging Markets Asia index. CEBL and AASI have the same total expense ratio (TER), 0.20% a year. CEBL and AASI both reinvest their income (accumulating share classes). CEBL holds the index securities directly (physical replication), while AASI replicates its index through a swap (synthetic). CEBL is domiciled in Ireland and AASI in Luxembourg. The share class of CEBL is in USD, that of AASI in EUR. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, CEBL or AASI?

CEBL and AASI have the same total expense ratio (TER), 0.20% a year. Their key information documents state ongoing charges of 0.20% for CEBL and 0.20% for AASI.

Which is bigger, CEBL or AASI?

CEBL is the larger fund, with USD 8.7bn in assets against EUR 2.6bn for AASI.

Do CEBL and AASI hold the same companies?

AASI replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

How did CEBL and AASI perform in 2025?

In 2025, CEBL returned +32.4% and AASI +16.5%, a gap of 15.9 percentage points. Over 5 years, CEBL returned +9.9% a year and AASI +9.9% a year. Over the past year, CEBL returned +32.4% and AASI +37.1%. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. Past performance does not predict future returns.

Are CEBL and AASI accumulating or distributing?

CEBL is accumulating: it reinvests its income in the fund. AASI is accumulating: it reinvests its income in the fund.

Go further

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.