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Amundi PEA Chine (MSCI China) Screened UCITS ETF - AccIndex, costs, backtest, listings and taxation

ISIN: FR0011871078Ticker: PASIIssuer: AmundiClass: Acc
Issuer-declared data
Declared index
MSCI China Screened Select ex Thermal Coal Index
TER
0.65%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 8 — promotes environmental or social characteristics what does it mean?
Fund assets
71.8 mln EUR
NAV
9.75 EUR (1 September 2026)
Domicile
France
Inception date
20 May 2014
Data as declared by Amundi in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Amundi PEA Chine (MSCI China) Screened UCITS ETF - Acc tracks the issuer-declared index: MSCI China Screened Select ex Thermal Coal Index. The declared annual cost (TER) is 0.65%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication (swap based); income is accumulated and reinvested in the fund. The fund has assets of about 72 million euro, was launched on 20 May 2014 and is domiciled in France.

The fund’s objective — in the issuer’s words(unofficial translation from French)

The fund is a passively managed index-tracking UCITS. The investment objective of the Fund is to replicate, both upward and downward, the evolution of the MSCI China Screened Select ex Thermal Coal Index (the "Benchmark Index"), denominated in US dollars (USD) and representative of the Chinese equity market, while minimising the tracking error between the performance of the Fund and that of its Index. The anticipated level of tracking error under normal market conditions is indicated in the Fund's prospectus. The Fund promotes environmental and/or social characteristics, in particular by replicating an index integrating an environmental, social and governance ("ESG") rating. The index methodology is constructed using a "Best-in-class" approach: best ranked companies are selected to construct the index. "Best-in-class" is an approach where leading or best-performing investments are selected within a universe, industry sector or class. It excludes companies falling behind on an ESG level, particularly on the basis of ESG ratings. Using such Best-in-class approach, the index follows an extra-financial approach that permits the reduction by at least 20% of the initial investment universe (expressed in number of issuers). The ESG key issues include for instance, but are not limited to, water stress, carbon emissions, labour management or business ethics. The limits of the approach adopted are described in the sub-fund's prospectus through risk factors such as sustainable investment risk. The ESG score of companies is calculated by an ESG rating agency, using raw data, models and estimates collected/calculated using methods specific to each provider. Due to the lack of standardisation and the uniqueness of each methodology, the information provided may be incomplete. Assessment of sustainability risks is complex and may be based on ESG data which is difficult to obtain, incomplete, estimated, out of date and/or otherwise materially inaccurate. Even when identified, there can be no guarantee that these data will be correctly assessed. Additional information about the MSCI indices is available on MSCI's website (www.msci.com). The Fund seeks to achieve its objective via indirect replication, namely by entering into one or more over-the-counter swap contracts (forward financial instruments, "FFIs"). The Fund may invest in a diversified portfolio of international equities, whose performance will be exchanged for that of the Benchmark Index by means of FFIs. The updated composition of the portfolio of securities held by the Fund is shown on the website amundietf.com. In addition, the indicative net asset value appears on the Fund's Reuters and Bloomberg pages and may also be mentioned on the websites of the stock exchanges where the Fund is listed. The Fund is eligible for the French Plan d'Épargne en Actions (PEA) and consequently invests a minimum of 75 % of its assets in shares of European Union companies.

Keep reading the KID section ▾

Intended Retail Investor:This product is intended for investors with basic knowledge of and/or no or limited experience of investing in funds, who aim to increase the value of their investment over the recommended holding period and are able to bear losses up to the amount invested. The product is not open to residents of the United States of America/"U.S. Person" (the definition of "U.S. Person" is available on the management company's website www.amundi.com and/or in the prospectus). Redemption and Dealing: the Fund's units are listed and traded on one or more stock exchanges. In normal circumstances, you may deal in units during the trading hours of the exchange. Only authorised participants (e.g. selected financial institutions) may deal in units directly with the Fund on the primary market. Further details are provided in the Fund's prospectus.

Distribution policy:As this is a non-distributing unit class, investment income is reinvested. More Information: you may obtain further information about this product, including the prospectus and financial reports, free of charge upon request from: Amundi Asset Management - 91-93 boulevard Pasteur, 75015 Paris, France.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓ · unofficial translation: please refer to the original document
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.65%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.86% p.a., against a declared TER of 0.65%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in French, from the issuer’s site — always the latest filed versionProspectusPDF in Italian, from the issuer’s site — the fund’s full legal documentFactsheetPDF in French, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from May 2014 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-3.7%
Annualised
-0.3%
Volatility (ann.)
24.6%
Max drawdown
-64.66%
-33%+1%+35%+69%+102%May 2014Jul 2017Aug 2020Aug 2023Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-4%May 2014Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%2014201620182020202220242026−64.66% · 22 Jan 2024
Max drawdown
-64.66%
peak → trough
Trough
22 Jan 2024
from the 13 Apr 2015 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
4,166 days
decline + recovery: peak to break-even · ≈ 11 years and 5 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
13 Apr 201522 Jan 2024-64.66%ongoing4,166
08 Sept 201416 Oct 2014-9.50%26 Nov 201479
08 Dec 201416 Dec 2014-7.91%29 Dec 201421
23 Jan 201502 Feb 2015-6.41%13 Mar 201549
15 Jan 201519 Jan 2015-6.24%22 Jan 20157

Calendar-year returns

2016
2.6%
2017
10.9%
2018
-7.1%
2019
15.4%
2020
-9.2%
2021
-20.1%
2022
-17.1%
2023
-16.0%
2024
17.1%
2025
14.6%
2026
-9.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.9-5.7-5.21.6-2.6-5.08.4-1.7-2.0-9.7
20251.610.1-1.5-8.62.80.27.22.69.4-2.5-3.2-2.714.6
2024-10.59.2-0.85.9-1.3-0.9-2.5-2.322.4-3.9-1.25.317.1
20239.8-8.32.0-6.7-5.21.59.5-7.6-0.4-4.9-1.9-3.1-16.0
2022-1.6-4.1-7.21.1-0.49.2-7.21.6-12.3-17.624.51.5-17.1
20215.0-2.9-3.3-1.0-0.83.2-13.90.4-3.33.3-3.4-4.2-20.1
2020-6.91.0-6.45.7-6.62.3-1.2-1.5-3.94.45.2-0.5-9.2
20198.23.71.41.6-8.74.10.7-4.52.40.8-1.06.915.4
201811.5-6.9-4.34.51.2-7.00.9-0.82.1-5.94.9-5.7-7.1
20172.65.6-1.1-2.50.3-2.42.43.1-2.57.0-2.81.110.9
2016-14.8-4.48.6-1.30.13.42.36.9-0.42.26.2-4.02.6
20154.84.55.712.0-0.1-7.7-13.3-13.8-3.011.6-1.6-4.2-8.8
20142.311.3-0.0-2.05.24.110.741.4
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Amundi. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.86% /anno
Declared TER
0.65%
YearFundIndexDifference
2025+14.64%+15.45%-0.81%
2024+17.15%+18.27%-1.13%
2023-15.98%-15.35%-0.63%
2022-17.11%-16.81%-0.30%
2021-20.11%-19.90%-0.21%
2020-9.18%-8.12%-1.06%
2019+15.37%+16.79%-1.42%
2018-7.14%-5.91%-1.22%
2017+10.93%+12.48%-1.55%
2016+2.56%+4.04%-1.47%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)19.94%23.35%26.39%23.88%24.65%
Max drawdown-23.25%-23.25%-45.94%-58.17%-64.66%
Sharpe-0.620.10-0.17-0.070.07
Sortino-0.870.14-0.25-0.090.10
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.21%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
31
Top-10 weight
60.3%

Top 10 holdings

ING GROEP NV · INGA NA
9.02%
ASML HOLDING NV · ASML NA
8.71%
TELENOR ASA · TEL NO
8.15%
NOKIA OYJ HELSINKI · NOKIA FH
7.46%
NOVO NORDISK A/S-B · NOVOB DC
5.20%
AGEAS · AGS BB
4.50%
PARKER HANNIFIN CORP · PH UN
4.40%
DHL GROUP (XETRA) · DHL GY
4.31%
NN GROUP NV · NN NA
4.29%
ISS A/S · ISS DC
4.23%
Download the full portfolio — Excel, 32 rows
Full portfolio declared by Amundi, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfNK4M7 Sept 2017
Börse HamburgNK4M15 Feb 2021
Börse HannoverNK4M16 Jan 2026
Börse StuttgartNK4M23 Feb 2026
Euronext ParisPASI12 Jun 2014
Tradegate ExchangeNK4M13 Nov 2023
+ 16 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Amundi PEA Chine (MSCI China) Screened UCITS ETF - Acc track?
The issuer Amundi declares the benchmark: MSCI China Screened Select ex Thermal Coal Index.
How much does PASI cost?
The issuer-declared TER is 0.65% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of PASI?
The fund size declared by Amundi is about 72 million euro.
When was PASI launched?
The fund was launched on 20 May 2014: it has 12 years of history.
How does PASI replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Indirect(Swap Based)”).
Does PASI pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Capitalisation”).
Where does PASI trade?
Per the official ESMA register it trades on 6 main exchanges, including Börse Düsseldorf (NK4M), Börse Hamburg (NK4M), Börse Hannover (NK4M), Börse Stuttgart (NK4M), Euronext Paris (PASI), Tradegate Exchange (NK4M).
What was PASI's worst fall?
Over the available history (since 2014), the maximum drawdown was -64.66%, reached in January 2024. Past performance is not indicative of future results.
What is PASI's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.86% per year versus its index (from issuer-declared series).
How many securities does PASI hold?
The declared portfolio holds 31 securities; the top 10 positions weigh 60.3%.
Transparency note
The data in this sheet is declared by Amundi in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.