The Amundi Core STOXX Europe 600 UCITS ETF Acc (MEUS) is a Luxembourg-domiciled equity ETF managed by Amundi and traded on the London Stock Exchange.

The fund seeks to track the performance of the STOXX Europe 600 Index, a benchmark composed of 600 large-, mid-, and small-cap companies across 17 developed European countries.

MEUS provides diversified exposure to the European equity market. The ETF follows a passive investment strategy and uses physical replication to track its benchmark while seeking to minimize the tracking difference between the fund and the index. It operates under the UCITS framework and follows an accumulating income policy.

The STOXX Europe 600 is derived from the STOXX Europe Total Market Index and represents companies across different market-cap segments. Eligible securities are ranked by free float-adjusted market capitalization and must meet a minimum liquidity requirement. 

Composition / Exposure Profile

MEUS holds companies across a broad range of European economic sectors, including:

• Financials.

• Industrials.

• Health care.

• Information technology.

• Consumer discretionary.

• Consumer staples.

• Energy.

• Materials.

• Communication services.

• Utilities.

• Real estate.

Geographically, the benchmark covers 17 developed European countries: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

The portfolio includes major European companies such as ASML, HSBC, Roche, Novartis, Shell, Nestlé, AstraZeneca, Siemens, and SAP. Its combination of large-, mid-, and small-cap companies provides broad exposure across different segments of the European equity market.

Structure and Costs

MEUS is one of the London Stock Exchange listings of the Amundi Core STOXX Europe 600 UCITS ETF Acc. The fund's base currency is the euro. The ETF has ongoing charges of 0.07% per year, uses physical replication, and is domiciled in Luxembourg under the UCITS framework.

The fund follows an accumulating income policy, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The Amundi Core STOXX Europe 600 UCITS ETF Acc was launched in 2013 to provide broad and diversified exposure to the European equity market.

Since its launch, the fund has maintained a passive strategy linked to the STOXX Europe 600 Index, providing exposure to companies of different sizes, sectors, and developed European markets.

Throughout its history, the fund's performance has reflected different cycles in European equity markets, including changes in economic conditions, monetary policy, and the performance of sectors that play significant roles across the region.

Additional Information

Amundi Core STOXX Europe 600 UCITS ETF Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $20.89 billion.

Over the past 12 months, Amundi Core STOXX Europe 600 UCITS ETF Acc recorded a return of 21.49%, with its price trading between $276.06 and $377.65 during the same period.

The ETF is traded under the ticker MEUS.