ETF comparison

AEMU vs E127

Amundi Core MSCI Emerging Markets UCITS ETF USD Dist
LU2277591868Amundi
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist
LU2573966905Amundi
Figures as of September 30, 2026 (AEMU) · September 30, 2026 (E127)

The comparison in short

AEMU (Amundi Core MSCI Emerging Markets UCITS ETF USD Dist, LU2277591868) and E127 (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist, LU2573966905) both track the MSCI Emerging Markets index. E127 has the lower total expense ratio (TER): 0.14% a year against 0.18% for AEMU, 0.04 percentage points less, or about 4 a year on 10,000 invested. E127 is the larger fund, with USD 12.5bn in assets against USD 11.3bn for AEMU. AEMU reports 1,170 holdings and E127 372. E127 replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured. In 2025, AEMU returned +33.7% and E127 +33.9%, a gap of 0.2 percentage points. Over 3 years, AEMU returned +24.0% a year and E127 +24.2% a year. AEMU and E127 both pay out their income (distributing share classes). AEMU holds the index securities directly (physical replication), while E127 replicates its index through a swap (synthetic). Both are domiciled in Luxembourg. AEMU and E127 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

FigureAEMUE127
ISINLU2277591868LU2573966905
Exchange tickersAEMUE127, U127, AE5A
Fund houseAmundiAmundi
Total expense ratio (TER)0.18%0.14%
Ongoing charges (KID)0.18%0.14%
Fund sizeUSD 11.3bnUSD 12.5bn
Launch dateFebruary 2, 2021March 24, 2023
ReplicationPhysicalSynthetic (swap)
DomicileLuxembourgLuxembourg
Distribution policyDistributingDistributing
Share class currencyUSDUSD
Number of holdings1,170372
Risk indicator (SRRI)4 / 74 / 7
BenchmarkMSCI Emerging Markets Net Total Return USD IndexMSCI Emerging Markets Net Total Return USD Index

Performance

Calendar-year returns

YearAEMUE127Difference
2025+33.7%+33.9%−0.2
2024+7.4%+7.6%−0.2

Annualised returns

PeriodAEMUE127Difference
1 year+28.9%+29.4%−0.5
3 years+24.0%+24.2%−0.2
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

E127 replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

Top 10 holdings of AEMU

#HoldingWeight
1
TAIWAN SEMICONDUCTOR MANUFAC
15.58%
2
SAMSUNG ELECTRONIC CO LTD
7.53%
3
SK HYNIX INC
5.88%
4
TENCENT HOLDINGS LTD
2.74%
5
ALIBABA GROUP HOLDING LTD
1.85%
6
MEDIATEK INC
1.81%
7
SAMSUNG ELECTRONICS - PFD NV
0.94%
8
DELTA ELECTRONICS INC
0.94%
9
CHINA CONSTRUCTION BANK HK
0.85%
10
HON HAI PRECISION INDUSTRY
0.79%

Top 10 holdings of E127

E127 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
5.63%
2
APPLE INC
4.23%
3
ALPHABET INC CL C
3.99%
4
NVIDIA CORP
3.65%
5
ADVANCED MICRO DEVICES
3.51%
6
APPLIED MATERIALS INC
3.48%
7
MICROSOFT CORP
2.88%
8
INTEL CORP
2.21%
9
BROADCOM INC
1.94%
10
TESLA INC
1.82%
Compare every published holding of AEMU and E127 in the overlap checker

Sectors and countries

Largest sectors of AEMU

  1. Information Technology43.7%
  2. Financials19.3%
  3. Consumer Discretionary7.4%
  4. Industrials6.3%
  5. Communication Services5.9%
  6. Materials5.7%
+ 4 more

Largest sectors of E127

  1. Information Technology43.8%
  2. Financials19.4%
  3. Consumer Discretionary7.4%
  4. Industrials6.3%
  5. Communication Services5.9%
  6. Materials5.8%
+ 4 more

Largest countries of AEMU

  1. Taiwan28.9%
  2. South Korea21.4%
  3. China19.6%
  4. India10.6%
  5. Brazil4.1%
  6. South Africa2.9%
+ 19 more

Largest countries of E127

  1. Taiwan28.9%
  2. South Korea21.4%
  3. China19.8%
  4. India10.7%
  5. Brazil4.1%
  6. South Africa2.9%
+ 18 more

Frequently asked questions

What is the difference between AEMU and E127?

AEMU (Amundi Core MSCI Emerging Markets UCITS ETF USD Dist, LU2277591868) and E127 (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist, LU2573966905) both track the MSCI Emerging Markets index. E127 has the lower total expense ratio (TER): 0.14% a year against 0.18% for AEMU, 0.04 percentage points less, or about 4 a year on 10,000 invested. AEMU and E127 both pay out their income (distributing share classes). AEMU holds the index securities directly (physical replication), while E127 replicates its index through a swap (synthetic). Both are domiciled in Luxembourg. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, AEMU or E127?

E127 has the lower total expense ratio (TER): 0.14% a year against 0.18% for AEMU, 0.04 percentage points less, or about 4 a year on 10,000 invested. Their key information documents state ongoing charges of 0.18% for AEMU and 0.14% for E127.

Which is bigger, AEMU or E127?

E127 is the larger fund, with USD 12.5bn in assets against USD 11.3bn for AEMU.

Do AEMU and E127 hold the same companies?

E127 replicates its index through a swap and publishes the collateral basket behind it, so the holdings overlap is not measured.

How did AEMU and E127 perform in 2025?

In 2025, AEMU returned +33.7% and E127 +33.9%, a gap of 0.2 percentage points. Over 3 years, AEMU returned +24.0% a year and E127 +24.2% a year. Over the past year, AEMU returned +28.9% and E127 +29.4%. Past performance does not predict future returns.

Are AEMU and E127 accumulating or distributing?

AEMU is distributing: it pays its income out to investors. E127 is distributing: it pays its income out to investors.

Go further

Other comparisons

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.