Best MSCI ACWI UCITS ETFs
MSCI ACWI covers developed and emerging equity markets in a single index. Compare the UCITS ETFs tracking it, understand the differences in cost, size, replication and dividend policy, and choose the structure that fits your portfolio.
- MSCI ACWI UCITS ETFs covered
- 18
- Providers
- 4
Straight answers first
- MSCI ACWIDeveloped plus emerging markets
- All-countryLarge and mid caps worldwide
- UCITSEuropean fund framework
- Market-cap weightedLarger companies, larger weights
- Provider dataSourced from Grovcap ETF records
4 providers
Provider-reported ongoing charge
Provider-reported assets, in the provider's currency
Share classes by dividend policy
Replication method
Earliest inception year in the set
Every MSCI ACWI UCITS ETF
Sortable, ISIN-level records for every published, active UCITS share class providing plain MSCI ACWI exposure. Currency-hedged and distributing variants are clearly labelled. Missing provider values are shown as unavailable rather than estimated.
Showing 18 of 18 share classes
| Benchmark | Dividends | Replication | Domicile | Currency | |||||
|---|---|---|---|---|---|---|---|---|---|
| UBS MSCI ACWI SF UCITS ETF hJPY accIE00BD495N16 | UBS | Not currently available | 0.21% | Accumulating | Synthetic | Ireland | 36.9bn JPY | Not currently available | JPY |
| iShares MSCI ACWI UCITS ETFSSAC · IE00B6R52259 | iShares | MSCI All Country World Index (Net) | 0.20% | Accumulating | Not currently available | Ireland | 34.3bn USD | 2011 | USD |
| State Street® SPDR® MSCI All Country World UCITS ETF (Acc)SPYY · IE00B44Z5B48 | SPDR | MSCI ACWI (All Country World Index) Index | 0.12% | Accumulating | Physical | Ireland | 18.7bn USD | 2011 | USD |
| State Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc)HedgedSPP2 · IE00BF1B7272 | SPDR | MSCI ACWI with Developed Markets 100% Hedged to USD Index | 0.17% | Accumulating | Physical | Ireland | 18.7bn USD | 2020 | USD |
| State Street® SPDR® MSCI All Country World EUR Hdg UCITS ETF (Acc)HedgedSPP1 · IE00BF1B7389 | SPDR | MSCI ACWI with Developed Markets 100% hedged to EUR Index | 0.17% | Accumulating | Physical | Ireland | 18.7bn USD | 2019 | EUR |
| UBS MSCI ACWI SF UCITS ETF USD accIE00BYM11H29 | UBS | MSCI ACWI Total Return Net Index | 0.21% | Accumulating | Synthetic | Ireland | 4.5bn USD | Not currently available | USD |
| UBS MSCI ACWI SF UCITS ETF hUSD accHedgedIE00BYM11J43 | UBS | Not currently available | 0.21% | Accumulating | Synthetic | Ireland | 2.4bn USD | Not currently available | USD |
| UBS MSCI ACWI SF UCITS ETF hCHF accHedgedIE00BYM11L64 | UBS | Not currently available | 0.21% | Accumulating | Synthetic | Ireland | 1.7bn CHF | Not currently available | CHF |
| UBS MSCI ACWI SF UCITS ETF hEUR accHedgedIE00BYM11K57 | UBS | Not currently available | 0.21% | Accumulating | Synthetic | Ireland | 1.6bn EUR | Not currently available | EUR |
| iShares MSCI ACWI UCITS ETFHedgedISGDX · IE00019GPKX6 | iShares | MSCI All Country World Index (Net) | 0.20% | Accumulating | Not currently available | Ireland | 1.5bn SGD | 2024 | SGD |
| Scalable MSCI AC World Xtrackers UCITS ETF 1CLU2903252349 | Xtrackers | MSCI ACWI Index | 0.15% | Accumulating | Not currently available | Luxembourg | 708m EUR | 2024 | USD |
| UBS MSCI ACWI SF UCITS ETF hGBP UkdisHedgedIE00BYVDRF92 | UBS | Not currently available | 0.21% | Distributing | Synthetic | Ireland | 427m GBP | Not currently available | GBP |
| UBS MSCI ACWI SF UCITS ETF USD UkdisIE00BJXFZ989 | UBS | MSCI ACWI Total Return Net Index | 0.21% | Distributing | Synthetic | Ireland | 313m USD | Not currently available | USD |
| UBS MSCI ACWI SF UCITS ETF hCHF UkdisHedgedIE00BZ2GTT26 | UBS | Not currently available | 0.21% | Distributing | Synthetic | Ireland | 77m CHF | Not currently available | CHF |
| iShares MSCI ACWI Swap UCITS ETFACSW · IE000CYC2B65 | iShares | MSCI All Country World Index (Net) | 0.12% | Accumulating | Synthetic | Ireland | 73m USD | 2026 | USD |
| UBS MSCI ACWI SF UCITS ETF hUSD UkdisHedgedIE00BYVDRC61 | UBS | Not currently available | 0.21% | Distributing | Synthetic | Ireland | 56m USD | Not currently available | USD |
| UBS MSCI ACWI SF UCITS ETF hEUR UkdisHedgedIE00BYVDRD78 | UBS | Not currently available | 0.21% | Distributing | Synthetic | Ireland | 41m EUR | Not currently available | EUR |
| iShares MSCI ACWI UCITS ETFISAD · IE0002FCUS29 | iShares | MSCI All Country World Index (Net) | 0.20% | Distributing | Not currently available | Ireland | 21m USD | 2025 | USD |
Values are provider-reported and stored per ISIN in the Grovcap database. Fields a provider has not published are shown as unavailable. Fund-size reporting dates and currencies may differ by provider.
Best by category
Each selection is produced by an explicit rule applied to current Grovcap data — not an endorsement. No single MSCI ACWI ETF is best for every investor.
State Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Largest physically replicated accumulating share class in the eligible set at 18.7bn USD, charging 0.12%. Scale keeps the decision simple — it is not a claim of superior future returns.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Lowest valid provider-reported TER in the eligible set at 0.12%. Ongoing charge is only part of total cost: tracking difference, spreads and broker fees also apply.
View fund detailsUBS MSCI ACWI SF UCITS ETF hJPY acc
UBS · IE00BD495N16
Highest reported fund size in the eligible set at 36.9bn JPY (JPY). Size lowers closure risk and usually supports liquidity.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
A large, physically replicated, accumulating share class from SPDR tracking the headline MSCI ACWI index, with complete provider data. No dividend admin and no swap counterparty to assess.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Ranked on accumulation first, then scale (18.7bn USD), cost (0.12%), physical replication and data completeness.
View fund detailsUBS MSCI ACWI SF UCITS ETF USD Ukdis
UBS · IE00BJXFZ989
Largest distributing MSCI ACWI share class in the eligible set at 313m USD, charging 0.21%. Suitable where paid dividends fit your cash-flow or local tax treatment.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Cheapest accumulating share class in the eligible set at 0.12%, so recurring buys compound without dividend leakage. Savings-plan availability for this exact ISIN and per-order cost are not in the Grovcap dataset and may matter more than the TER gap.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Earliest valid inception date in the eligible set, launched in 2011. A longer record means more observable tracking history.
View fund detailsState Street® SPDR® MSCI All Country World UCITS ETF (Acc) (SPYY)
SPDR · IE00B44Z5B48
Largest physically replicated share class in the eligible set at 18.7bn USD. The fund holds index constituents rather than contracting for the return.
View fund detailsUBS MSCI ACWI SF UCITS ETF hJPY acc
UBS · IE00BD495N16
Largest swap-based share class in the eligible set at 36.9bn JPY, charging 0.21%. Swap structures add counterparty exposure that you should assess separately.
View fund detailsState Street® SPDR® MSCI All Country World USD Hdg UCITS ETF (Acc) (SPP2)
SPDR · IE00BF1B7272
Largest hedged share class in the set at 18.7bn USD, charging 0.17%. Hedging removes most of the currency movement between the index currencies and the hedge currency, at an ongoing cost.
View fund detailsDecision helper
Work through these questions in order. They are informational, use structural facts, and nothing you choose is recorded.
Do you want developed and emerging markets in one fund?
MSCI ACWI is built for exactly that: one holding, one rebalancing decision, global large- and mid-cap coverage.
A developed-market index such as MSCI World, combined with a separate emerging-markets ETF, lets you size emerging markets yourself.
Do you want dividends reinvested automatically?
Focus on accumulating share classes; the fund reinvests income internally and you avoid manual reinvestment costs.
Consider distributing share classes so income lands in your brokerage account, which some local tax treatments favour.
Do you prefer physical replication?
Filter the table to physically replicated share classes, which hold index constituents directly.
Swap-based share classes remain open to you, subject to your own counterparty and collateral analysis.
Will you invest a fixed amount regularly?
Savings-plan availability for the exact ISIN, order fees and spreads usually matter more than a very small TER difference.
Compare fund size, spread, exchange listing and execution conditions for the size of trade you intend to place.
Do you need currency hedging?
Compare hedged MSCI ACWI share classes and the additional ongoing cost they carry; use the Hedging filter above.
Remember that trading in EUR does not remove the underlying currency exposure of the index constituents.
What is the MSCI ACWI Index?
A free-float market-cap weighted index of large- and mid-cap companies across developed and emerging markets.
Membership follows MSCI's country classification plus size, liquidity and free-float rules. Weighting by market value means the largest companies and the largest markets drive most of the return, and the country mix changes as markets reprice.
Because emerging markets are included, the index carries additional political, currency and liquidity risk relative to a developed-markets-only benchmark — at a small weight relative to the whole.
MSCI ACWI vs MSCI World and FTSE All-World
ACWI and FTSE All-World include emerging markets; MSCI World does not.
If you want one fund to hold the global equity market, ACWI or FTSE All-World are the usual candidates. MSCI World plus a separate emerging-markets ETF gives you control over the emerging weight at the cost of rebalancing and a second set of trading costs.
Related reading: Best MSCI World UCITS ETFs, IWDA vs VWCE.
Why UCITS ETFs?
UCITS is the European fund framework setting diversification, custody and disclosure rules.
European retail investors generally cannot buy US-listed ETFs, so MSCI ACWI exposure is accessed through UCITS funds, which carry the key information documents your broker must provide.
Domicile choice within the framework affects withholding tax on underlying dividends and how the fund is reported in your local tax return.
Related reading: UCITS ETFs explained.
Accumulating vs distributing
Accumulating reinvests dividends inside the fund; distributing pays them to your account.
Mechanically, accumulating avoids the friction of reinvesting small payments. Which is preferable usually comes down to how fund income is taxed where you live and whether you want cash flow.
Related reading: Reinvest or get paid.
Physical vs synthetic replication
Physical funds hold the shares; swap-based funds contract for the index return.
Both approaches appear in the MSCI ACWI market. Synthetic structures add counterparty exposure managed through collateral; physical funds avoid that at the cost of holding and trading the basket.
Related reading: ETF myths vs reality.
TER, tracking difference, spreads and execution
The ongoing charge is only one component of what you pay to hold and trade an ETF.
Total cost is the ongoing charge plus the spread you cross on each trade, your broker's commission, any currency conversion, and the fund's internal trading and withholding-tax drag. Tracking difference captures most of that in a single realised number.
Related reading: Lowest TER UCITS ETF rankings, lowest-TER ranking methodology.
Fund size and closure risk
Larger funds are less likely to be merged or wound up and usually trade more tightly.
Fund size is reported by providers at different frequencies and in different currencies, so Grovcap shows the provider value and its currency rather than converting or estimating it.
Trading currency vs underlying currency exposure
The currency a line is quoted in does not determine the currency risk you hold.
A euro-quoted MSCI ACWI line still holds companies priced in the index currencies. Only an explicitly hedged share class changes that, and hedging carries an ongoing cost that is visible in the TER column.
Retail investor questions
The questions European investors actually ask before buying a MSCI ACWI UCITS ETF.
Continue researching
Related Grovcap guides, rankings and tools to take the next step.
Disclaimer
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