Best MSCI Emerging Markets UCITS ETFs
MSCI Emerging Markets covers large- and mid-cap companies across emerging economies. Compare the UCITS ETFs tracking it, and understand the cost, structure and concentration differences before adding the exposure.
- MSCI Emerging Markets UCITS ETFs covered
- 24
- Providers
- 7
Straight answers first
- MSCI EMEmerging-market large and mid caps
- Country-concentratedA few markets dominate the weight
- UCITSEuropean fund framework
- Market-cap weightedLarger companies, larger weights
- Provider dataSourced from Grovcap ETF records
7 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 Emerging Markets UCITS ETF
Sortable, ISIN-level records for every published, active UCITS share class providing plain MSCI Emerging Markets exposure. Currency-hedged and distributing variants are clearly labelled. Missing provider values are shown as unavailable rather than estimated.
Showing 24 of 24 share classes
| Benchmark | Dividends | Replication | Domicile | Currency | |||||
|---|---|---|---|---|---|---|---|---|---|
| Xtrackers MSCI Emerging Markets UCITS ETF 1CIE00BTJRMP35 | Xtrackers | Not currently available | 0.18% | Accumulating | Physical | Ireland | 12.5bn EUR | 2017 | USD |
| Amundi Core Msci Emerging Markets Swap UCITS ETF DISTAE5A GY · LU2573966905 | Amundi | Not currently available | 0.14% | Distributing | Not currently available | Luxembourg | 11.2bn USD | Not currently available | USD |
| Amundi Core Msci Emerging Markets Swap UCITS ETF ACCLEMA IM · LU2573967036 | Amundi | Not currently available | 0.14% | Accumulating | Not currently available | Luxembourg | 11.2bn USD | Not currently available | USD |
| Xtrackers MSCI Emerging Markets UCITS ETF 1DIE000GWA2J58 | Xtrackers | Not currently available | 0.18% | Distributing | Physical | Ireland | 10.7bn GBP | 2017 | USD |
| Amundi Core Msci Emerging Markets UCITS ETF USD DISTAEMU LN · LU2277591868 | Amundi | Not currently available | 0.18% | Distributing | Not currently available | Luxembourg | 10.3bn USD | Not currently available | USD |
| iShares MSCI EM UCITS ETF USD (Dist)IEEM · IE00B0M63177 | iShares | MSCI Emerging Markets Index (Net) | 0.18% | Distributing | Physical | Ireland | 9.9bn USD | 2005 | USD |
| iShares MSCI EM UCITS ETF USD (Acc)SEMA · IE00B4L5YC18 | iShares | MSCI Emerging Markets Index (Net) | 0.18% | Accumulating | Physical | Ireland | 9.7bn USD | 2009 | USD |
| UBS Core MSCI EM UCITS ETF USD accLU0950674175 | UBS | MSCI Emerging Markets Total Return Net | 0.15% | Accumulating | Physical | Luxembourg | 9.1bn USD | Not currently available | USD |
| Amundi Core Msci Emerging Markets UCITS ETF ACCAEME FP · LU1437017350 | Amundi | Not currently available | 0.18% | Accumulating | Not currently available | Luxembourg | 9.0bn EUR | Not currently available | EUR |
| Amundi Core Msci Emerging Markets UCITS ETF EUR DISTAEMD GY · LU1737652583 | Amundi | Not currently available | 0.18% | Distributing | Not currently available | Luxembourg | 9.0bn EUR | Not currently available | EUR |
| Amundi Msci Emerging Markets Swap UCITS ETF USD ACCAUEM FP · LU1681045453 | Amundi | Not currently available | 0.20% | Accumulating | Not currently available | Luxembourg | 6.2bn USD | Not currently available | USD |
| Amundi Msci Emerging Markets Swap UCITS ETF EUR ACCAEEM FP · LU1681045370 | Amundi | Not currently available | 0.20% | Accumulating | Not currently available | Luxembourg | 5.4bn EUR | Not currently available | EUR |
| UBS Core MSCI EM UCITS ETF USD disLU0480132876 | UBS | MSCI Emerging Markets Total Return Net | 0.15% | Distributing | Physical | Luxembourg | 3.1bn USD | Not currently available | USD |
| State Street® SPDR® MSCI Emerging Markets UCITS ETFSPYM · IE00B469F816 | SPDR | MSCI Emerging Markets Index | 0.18% | Accumulating | Physical | Ireland | 2.0bn USD | 2011 | USD |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF IC GBP UnlistedLU3184977455 | Xtrackers | Not currently available | 0.09% | Accumulating | Synthetic | Luxembourg | 1.1bn EUR | 2007 | GBP |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF 1DLU2675291913 | Xtrackers | Not currently available | 0.18% | Distributing | Synthetic | Luxembourg | 1.1bn EUR | 2007 | USD |
| Xtrackers MSCI Emerging Markets Swap UCITS ETF 1CLU0292107645 | Xtrackers | Not currently available | 0.49% | Accumulating | Synthetic | Luxembourg | 1.1bn EUR | 2007 | USD |
| Amundi Msci Emerging Markets Swap II UCITS ETF USD ACC2820 HK · FR0010435297 | Amundi | Not currently available | 0.55% | Accumulating | Not currently available | France | 1.0bn USD | Not currently available | USD |
| Amundi Msci Emerging Markets Swap II UCITS ETF EUR ACCLEM FP · FR0010429068 | Amundi | Not currently available | 0.55% | Accumulating | Not currently available | France | 904m EUR | Not currently available | EUR |
| Invesco MSCI Emerging Markets UCITS ETF Acc | Invesco UKIE00B3DWVS88 | Invesco | MSCI Emerging Markets Total Return (Net) Index | 0.09% | Accumulating | Synthetic | Ireland | 436m USD | 2010 | USD |
| iShares MSCI EM Swap UCITS ETFESWP · IE000S3N6R34 | iShares | MSCI Emerging Markets Index (Net) | 0.14% | Accumulating | Synthetic | Ireland | 237m USD | 2026 | USD |
| UBS MSCI EM SF UCITS ETF USD accIE00B3Z3FS74 | UBS | MSCI Emerging Markets Total Return Net | 0.14% | Accumulating | Synthetic | Ireland | 172m USD | Not currently available | USD |
| UBS Core MSCI EM UCITS ETF USD UkdisLU1126036976 | UBS | MSCI Emerging Markets Total Return Net | 0.15% | Distributing | Physical | Luxembourg | 118m USD | Not currently available | USD |
| HSBC MSCI EMERGING MARKETS UCITS ETFIE00B5SSQT16 | HSBC | Not currently available | Not currently available | Not currently available | Not currently available | Not currently available | Not currently available | Not currently available | 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 Emerging Markets ETF is best for every investor.
Xtrackers MSCI Emerging Markets UCITS ETF 1C
Xtrackers · IE00BTJRMP35
Largest physically replicated accumulating share class in the eligible set at 12.5bn EUR, charging 0.18%. Scale keeps the decision simple — it is not a claim of superior future returns.
View fund detailsXtrackers MSCI Emerging Markets Swap UCITS ETF IC GBP Unlisted
Xtrackers · LU3184977455
Lowest valid provider-reported TER in the eligible set at 0.09%. Ongoing charge is only part of total cost: tracking difference, spreads and broker fees also apply.
View fund detailsXtrackers MSCI Emerging Markets UCITS ETF 1C
Xtrackers · IE00BTJRMP35
Highest reported fund size in the eligible set at 12.5bn EUR (EUR). Size lowers closure risk and usually supports liquidity.
View fund detailsXtrackers MSCI Emerging Markets UCITS ETF 1C
Xtrackers · IE00BTJRMP35
A large, physically replicated, accumulating share class from Xtrackers tracking the headline MSCI Emerging Markets index, with complete provider data. No dividend admin and no swap counterparty to assess.
View fund detailsXtrackers MSCI Emerging Markets UCITS ETF 1C
Xtrackers · IE00BTJRMP35
Ranked on accumulation first, then scale (12.5bn EUR), cost (0.18%), physical replication and data completeness.
View fund detailsAmundi Core Msci Emerging Markets Swap UCITS ETF DIST (AE5A GY)
Amundi · LU2573966905
Largest distributing MSCI Emerging Markets share class in the eligible set at 11.2bn USD, charging 0.14%. Suitable where paid dividends fit your cash-flow or local tax treatment.
View fund detailsUBS Core MSCI EM UCITS ETF USD acc
UBS · LU0950674175
Cheapest accumulating share class in the eligible set at 0.15%, 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 detailsiShares MSCI EM UCITS ETF USD (Dist) (IEEM)
iShares · IE00B0M63177
Earliest valid inception date in the eligible set, launched in 2005. A longer record means more observable tracking history.
View fund detailsXtrackers MSCI Emerging Markets UCITS ETF 1C
Xtrackers · IE00BTJRMP35
Largest physically replicated share class in the eligible set at 12.5bn EUR. The fund holds index constituents rather than contracting for the return.
View fund detailsXtrackers MSCI Emerging Markets Swap UCITS ETF IC GBP Unlisted
Xtrackers · LU3184977455
Largest swap-based share class in the eligible set at 1.1bn EUR, charging 0.09%. Swap structures add counterparty exposure that you should assess separately.
View fund detailsDecision helper
Work through these questions in order. They are informational, use structural facts, and nothing you choose is recorded.
Does your existing equity fund already include emerging markets?
An additional MSCI EM ETF is an overweight, not a gap-filler. Decide the target weight first, then how you will rebalance it.
A MSCI Emerging Markets ETF is the standard way to add the exposure alongside a developed-market fund such as an MSCI World tracker.
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 Emerging Markets 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 Emerging Markets Index?
A free-float market-cap weighted index of large- and mid-cap companies in markets MSCI classifies as emerging.
MSCI maintains the emerging-market country list and reviews it periodically; countries have been added and reclassified over time, which changes the index composition.
Weighting by market value means both company and country weights follow market prices, so exposure can be concentrated in the largest emerging markets.
MSCI World plus emerging markets, or one all-world fund?
Two funds give you control of the emerging weight; one all-world fund removes the rebalancing job.
Holding a developed-market fund alongside an emerging-markets fund lets you choose the emerging weight and rebalance deliberately. A single ACWI or FTSE All-World fund does that automatically at market weights, with one set of trading costs.
Related reading: Best MSCI World UCITS ETFs, Best MSCI ACWI UCITS ETFs.
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 Emerging Markets 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 Emerging Markets 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 Emerging Markets 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 Emerging Markets UCITS ETF.
Continue researching
Related Grovcap guides, rankings and tools to take the next step.
Disclaimer
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