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CNEG
-2.05 · -6.54%
£29.26 · LSE
Amundi MSCI China ESG Leaders Select ETF DR (C) GBP | China Equity
Amundi Luxembourg S.A. · Luxembourg
AUM:£159.7M
#– of – in China Equity ETFs
ℹ️
Reward Rating
55
Good
8.96% 1Y return
ℹ️
Risk Rating
65
Elevated
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 9.0% over the past year, showing positive momentum.

Cost Efficiency

💰 Ongoing charge of 0.35% — competitive for the exposure provided.

What is CNEG?

Amundi MSCI China ESG Leaders Select ETF DR (C) GBP tracks Morningstar China TME NR USD, providing diversified exposure across 50 holdings. Its ongoing charge is 0.35%.

Performance Highlights

Investment Breakdown

Positive 1-Year Return
CNEG returned 9.0% over the past year. Historical returns only — past performance is not indicative of future results.
Moderate Cost
Ongoing charge of 0.35%. Consider how fees compound over a long holding period.
Concentrated Holdings
Top 10 holdings account for 57.8% of the ETF — significant weight in a small number of names.

Openbook Analysis

Performance: Good (55)

The scoring profile reflects moderate historical performance, with a 9.0% 1-year return (historical). The ongoing charge of 0.35% should be considered against long-term return expectations. Risk indicators are elevated — volatility warrants consideration (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£159.7M
Ongoing Charge0.35%
Dividend Yield2.83%
Holdings50
Inception DateOct 2021
DomicileLuxembourg
Distribution–
IndexMorningstar China TME NR USD
ProviderAmundi Luxembourg S.A.
Beta–
CategoryChina Equity
CurrencyGBX
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
-13.2%
1Y
+2.1%
3Y
+15.0%
5Y
-21.7%
OpenBook InsightIf you had invested £10,000 in CNEG 5 years ago, it would have fallen to £7,828 — a loss of £2,172.

Annual Returns

Calendar year performance

CNEG delivered positive returns in 2 of the last 5 calendar years.
YearCNEG
2026 YTD-13.4%
2025+24.5%
2024+13.1%
2023-19.0%
2022-18.4%
CAGR 4yr-1.8%
2/5 positive yearsAvg return: -2.6%Worst year: -19.0% (2023)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: NEGATIVE
Trend Strength
0%
Negative
Volatility
19.0%
Low
Momentum
-6.2%
30-day change
Support Level
27.82
Key floor
Key Insights
  • Price is currently below all major moving averages, indicating a weaker trend profile.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses CNEG's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
55
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
40/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
8.96%
Neutral
3Y Return
5.80%
Neutral
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Moderate performance profile: 1-year return of 8.96%, 3-year annualised 5.80%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
80/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.35%
Neutral
Net Expense Ratio
0.00%
Very Good
Annual Turnover
0.00%
Very Good
Tracking Difference
—
No Data

Low-cost and efficient structure: ongoing charge of 0.35%, net expense ratio of 0.00%, annual turnover of 0.0%.

💵 Income

Weight: 15%
65/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
2.83%
Neutral
Distribution Frequency
—
No Data

Reasonable income characteristics: distribution yield of 2.83%.

🌐 Diversification Quality

Weight: 25%
35/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
50
Weak
Top 10 Concentration
57.79%
Very Weak
Top Sector
Consumer Cyclicals34.8%
Weak
Top Region
Asia Emerging94.4%
Very Weak

Heavily concentrated — returns will be driven by a narrow slice of the market: 50 holdings, top 10 at 57.8%, Consumer Cyclicals sector at 34.8%, Asia Emerging at 94.4%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses CNEG using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
65
Elevated RISK
Data Coverage: 83%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
64/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
57.79%
Elevated
Largest Holding
14.55%
Elevated
Number of Holdings
50
Moderate
HHI (weight²)
463
Lower Risk

Moderate holdings concentration: top 10 holdings at 57.8%, largest single position at 14.55%, 50 total holdings.

🌍 Market Exposure

Weight: 25%
67/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Asia Emerging94.4%
High Risk
Top Sector
Consumer Cyclicals34.8%
Elevated
Top 2 Sectors
62.41%
High Risk
Cyclical Sectors
21.58%
Lower Risk

Notable regional or sector dependency: Asia Emerging at 94.4%, Consumer Cyclicals sector at 34.8%, 21.6% in cyclical sectors.

📊 Volatility

Weight: 35%
72/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
21.47%
Moderate
Beta
—
No Data
Max Drawdown
—
No Data

High historical volatility — expect meaningful short-term swings: 1Y volatility of 21.47% (historical).

💵 Income Reliability

Weight: 15%
47/100

How dependable is the fund's distribution yield? Heavy cyclical-sector exposure or unusually high yields can flag vulnerability to dividend cuts in a downturn.

Current Yield
2.83%
Lower Risk
Cyclical Sector Exposure
21.58%
Lower Risk
Top-Sector Dependency
Consumer Cyclicals34.8%
Elevated

Income profile is reasonably diversified: yield of 2.83%, 21.6% in cyclical sectors (financials, energy, materials, industrials, real estate), Consumer Cyclicals sector at 34.8%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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