This Amundi ETF Offers Low-Cost Exposure to Latin American Stocks

Key Morningstar Metrics for Amundi Index Solutions - Amundi MSCI Em Latin America ALAG

• Morningstar Medalist Rating
  : Bronze
• Process Pillar
  : Average
• People Pillar
  : Above Average
• Parent Pillar
  : Average

Amundi IS MSCI Emerging Markets Latin America ETF provides synthetic exposure to mid- and large-cap stocks from emerging-market countries in Latin America.

The fund tracks the performance of the MSCI Emerging Markets Latin America Index, a free-float-adjusted, market-cap-weighted index covering five emerging-market countries in the Latin America region: Brazil, Mexico, Chile, Peru, and Colombia. The index covers approximately 85% of the free-float-adjusted market capitalization in each country. The fund carries significant country concentration risk with an approximate 85% combined allocation to the two largest member countries, Brazil and Mexico.

The fund’s ongoing charge prices the fund attractively against actively managed peers. Compared with passive peers, this fund is one of the cheapest on offer for investors looking to gain Latin America equity exposure in this Morningstar Category.

Additionally, the fund benefits from Amundi’s well-tenured and resourced portfolio management team, which earns a People Pillar rating of Above Average.

Amundi Index Solutions - Amundi MSCI Em Latin America: Performance Highlights

The fund’s total and Morningstar Risk-Adjusted Returns have been higher relative to category peers over the trailing three-, five-, and 10-year periods to the end of June 2026. The fund’s volatility, as measured by standard deviation, has been in line with the category average over the same periods.

The fund’s low fee helps to drive our conviction in its ability to deliver strong risk-adjusted performance going forward. It’s one of the cheapest passive funds on offer for investors looking to gain Latin America equity exposure in this category.

The fund has tracked its benchmark closely; its tracking error over the trailing three years has been an annualized 0.03%.

According to Morningstar’s Full Year 2025 European Active-Passive Barometer, over the trailing 10 years to the end of December 2025, only 10.3% of active managers of Latin America equity funds were able to both survive and outperform their passive peers, suggesting that this is a good category to go passive in.

The two countries’ large index weightings mean that they have a significant influence on the returns and risk of the index.