Amundi MSCI Brazil UCITS ETF Acc (RIO)

Profile

https://oci-global.com

The Amundi MSCI Brazil UCITS ETF Acc is an exchange-traded fund that seeks to replicate the performance of the MSCI Brazil Net Total Return USD Index, capturing the largest and most liquid stocks on the Brazilian stock market. This UCITS-compliant ETF, domiciled in Luxembourg as a Société d'Investissement à Capital Variable (SICAV), employs a synthetic replication strategy via an unfunded swap with Société Générale as counterparty, avoiding direct holdings of underlying securities for efficient tracking. Launched in 2007, it follows an accumulating distribution policy, reinvesting dividends to enhance compounding returns, with a total expense ratio of 0.65% annually and assets under management around EUR 176 million. Denominated in EUR without currency hedging, it exposes investors to Brazil's equity market volatility, estimated at 21.06% over one year, and key sectors including commodities, finance, and consumer goods. Société Générale Luxembourg S.A. serves as custodian and administrator, providing regulatory oversight within a European framework for targeted emerging market access.