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iShares MSCI EMU CHF Hedged UCITS ETF (Acc)

iShares · IE00BWK1SP74

iShares MSCI EMU CHF Hedged UCITS ETF (Acc) is an exchange-traded fund (ETF) from iShares, traded under the ticker EMUC (ISIN IE00BWK1SP74). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they…

· Tracks the MSCI EMU Index index ?

Equity ?Accumulating ?Physical ?Ireland ?

Mid-range feeReinvests dividendsOwns the shares directlyEurozone

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iShares funds Domiciled in Ireland Accumulating Physically replicated Eurozone stocks Yearly fee under 0.5%

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Fund size (AUM) ?

€186.2M

Risk level (SRI) ?

6 / 7 · High

1-year return ?

+15.7%

Total return · to 2026-07-17

Yearly fee (TER) ?

0.38%

All-in cost ≈ 0.38%

About this fund

What you own

The MSCI EMU Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 233 companies across Eurozone in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.38%Yearly fee (TER)

0.38%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI EMU Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

May 2015

11-year track record

Recommended holding period

medium to long term

Performance

Growth of CHF100 invested — both lines start at CHF100.

iShares MSCI EMU CHF Hedged UCITS ETF (Acc) Average MSCI EMU Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+9.0%

1 year+15.7%

3 years+12.9%

5 years+8.9%

Return, year by year

-12.2

+16.2

+6.1

+21.5

'22'23'24'25

3 of 4 up yearsBest: 2025 +21.5%Worst: 2022 -12.2%Calendar-year total returns, in CHF

How bumpy has it been?

15.1%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-15.8%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

0.86

Return for the risk (3y) ?

Reward earned per unit of bumpiness.

The bigger picture

+50.9%

Since inception

Total growth since launch — about +8.5% a year.

+30.3%

Best 12 months

The strongest one-year stretch on record.

-20.1%

Worst 12 months

The weakest one-year stretch on record.

-24.4%

Worst fall on record ?

It clawed back in about 10 months.

What's inside

By sector ?

Financials25.3%

Industrials20.2%

Technology16.2%

Consumer Discretionary8.0%

Utilities6.8%

Health Care5.9%

Consumer Staples5.4%

Materials3.9%

The 10 biggest holdings make up 29.1% of the fund — the rest is spread across roughly 221 more companies.

Top 10 holdings

#	Company	Weight
1	ASML HOLDING NV	9.2%
2	SIEMENS N AG	3.1%
3	BANCO SANTANDER SA	2.6%
4	ALLIANZ	2.3%
5	SCHNEIDER ELECTRIC	2.2%
6	SAP	2.1%
7	TOTALENERGIES	1.9%
8	SIEMENS ENERGY N AG	1.9%
9	BANCO BILBAO VIZCAYA ARGENTARIA SA	1.9%
10	IBERDROLA SA	1.9%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
SIX	EMUC	CHF	★ Primary
CHF listings
B2	EMUC	CHF
B3	EMUCZ	CHF
BW	EMUC	CHF
E1	EMUCCHF	CHF
E1	EMUCEUR	CHF
E1	EMUCGBP	CHF
EB	EMUCZ	CHF
EO	EMUCEUR	CHF
EO	EMUCCHF	CHF
EP	EMUCCHF	CHF
EU	EMUCCHF	CHF
EU	EMUCEUR	CHF
EU	EMUCGBP	CHF
EZ	EMUCCHF	CHF
GZ	SXR9	CHF
IX	EMUCZ	CHF
L1	EMUCZ	CHF
L3	EMUCZ	CHF
London Stock Exchange	EMUC	CHF
PO	EMUCZ	CHF
S1	EMUCZ	CHF
SE	EMUC	CHF
T2	EMUC	CHF
WT	EMUC	CHF
X9	EMUCCHF	CHF
XA	EMUCCHF	CHF
XA	EMUCEUR	CHF
XA	EMUCGBP	CHF
XE	EMUCCHF	CHF
XE	EMUCEUR	CHF
XE	EMUCGBP	CHF
XF	EMUCGBP	CHF
XF	EMUCEUR	CHF
XF	EMUCCHF	CHF
XG	EMUCCHF	CHF
XG	EMUCEUR	CHF
XG	EMUCGBP	CHF
XH	EMUCCHF	CHF
XH	EMUCEUR	CHF
XH	EMUCGBP	CHF
XJ	EMUCGBP	CHF
XJ	EMUCEUR	CHF
XJ	EMUCCHF	CHF
XL	EMUCCHF	CHF
XL	EMUCEUR	CHF
XL	EMUCGBP	CHF
XO	EMUCCHF	CHF
XO	EMUCEUR	CHF
XO	EMUCGBP	CHF
XQ	EMUCGBP	CHF
XS	EMUCCHF	CHF
XS	EMUCEUR	CHF
XS	EMUCGBP	CHF
XT	EMUCEUR	CHF
XU	EMUCCHF	CHF
XU	EMUCEUR	CHF
XU	EMUCGBP	CHF
XV	EMUCGBP	CHF
XV	EMUCEUR	CHF
XV	EMUCCHF	CHF
XW	EMUCCHF	CHF
XW	EMUCEUR	CHF
XW	EMUCGBP	CHF
XX	EMUCCHF	CHF
XX	EMUCGBP	CHF
XZ	EMUCGBP	CHF

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-17 · the fund's own published holdings.

#	Company	Weight
1	ASML HOLDING NV	9.2%
2	SIEMENS N AG	3.1%
3	BANCO SANTANDER SA	2.6%
4	ALLIANZ	2.3%
5	SCHNEIDER ELECTRIC	2.2%
6	SAP	2.1%
7	TOTALENERGIES	1.9%
8	SIEMENS ENERGY N AG	1.9%
9	BANCO BILBAO VIZCAYA ARGENTARIA SA	1.9%
10	IBERDROLA SA	1.9%
11	AIRBUS GROUP	1.8%
12	SAFRAN SA	1.8%
13	LVMH	1.8%
14	LAIR LIQUIDE SOCIETE ANONYME POUR	1.7%
15	UNICREDIT	1.6%
16	BNP PARIBAS SA	1.5%
17	INFINEON TECHNOLOGIES AG	1.5%
18	LOREAL SA	1.3%
19	DEUTSCHE TELEKOM N AG	1.3%
20	INTESA SANPAOLO	1.3%
21	ING GROEP NV	1.2%
22	SANOFI SA	1.2%
23	ENEL	1.1%
24	AXA SA	1.0%
25	MUENCHENER RUECKVERSICHERUNGS-GESE	1.0%
26	ANHEUSER-BUSCH INBEV SA	0.9%
27	INDUSTRIA DE DISENO TEXTIL SA	0.9%
28	DEUTSCHE BANK AG	0.9%
29	VINCI SA	0.9%
30	NOKIA	0.8%
31	RHEINMETALL AG	0.8%
32	ESSILORLUXOTTICA SA	0.8%
33	NORDEA BANK	0.8%
34	DEUTSCHE POST AG	0.8%
35	ARGENX	0.7%
36	BAYER AG	0.7%
37	PROSUS NV CLASS N	0.7%
38	SOCIETE GENERALE SA	0.7%
39	ENGIE SA	0.7%
40	DEUTSCHE BOERSE AG	0.7%
41	DANONE SA	0.7%
42	ASM INTERNATIONAL NV	0.7%
43	CAIXABANK SA	0.7%
44	E.ON N	0.6%
45	BASF N	0.6%
46	HERMES INTERNATIONAL	0.6%
47	FERRARI NV	0.6%
48	PRYSMIAN	0.6%
49	STMICROELECTRONICS NV	0.6%
50	NEBIUS NV CLASS A	0.6%
51	ENI	0.5%
52	RWE AG	0.5%
53	ERSTE GROUP BANK AG	0.5%
54	LEGRAND SA	0.5%
55	COMPAGNIE DE SAINT GOBAIN SA	0.5%
56	ASSICURAZIONI GENERALI	0.5%
57	BLK ICS EUR LIQ FUND AGEN ACC T0	0.5%
58	MERCEDES-BENZ GROUP N AG	0.5%
59	KONINKLIJKE AHOLD DELHAIZE NV	0.5%
60	UCB SA	0.5%
61	ADIDAS N AG	0.4%
62	ORANGE SA	0.4%
63	FERROVIAL NV	0.4%
64	KBC GROEP	0.4%
65	EUR CASH	0.4%
66	COMMERZBANK AG	0.4%
67	ARCELORMITTAL SA	0.4%
68	REPSOL SA	0.4%
69	ABN AMRO BANK NV	0.4%
70	ADYEN NV	0.3%
71	HEIDELBERG MATERIALS AG	0.3%
72	AMADEUS IT GROUP SA	0.3%
73	THALES SA	0.3%
74	LEONARDO FINMECCANICA SPA	0.3%
75	SAMPO CLASS A	0.3%
76	BPER BANCA	0.3%
77	ACS ACTIVIDADES DE CONSTRUCCION Y	0.3%
78	VEOLIA ENVIRON. SA	0.3%
79	HEINEKEN NV	0.3%
80	MICHELIN	0.3%
81	AERCAP HOLDINGS NV	0.3%
82	BANCA MONTE DEI PASCHI DI SIENA SP	0.3%
83	AENA SME SA	0.3%
84	AIB GROUP PLC	0.3%
85	MTU AERO ENGINES HOLDING AG	0.3%
86	DAIMLER TRUCK HOLDING E AG	0.3%
87	NN GROUP NV	0.3%
88	PUBLICIS GROUPE SA	0.3%
89	BMW AG	0.3%
90	KONINKLIJKE PHILIPS NV	0.3%
91	UNIVERSAL MUSIC GROUP NV	0.3%
92	COCA COLA EUROPACIFIC PARTNERS PLC	0.3%
93	MERCK	0.3%
94	BE SEMICONDUCTOR INDUSTRIES NV	0.3%
95	KERING SA	0.3%
96	FRESENIUS SE AND CO KGAA	0.3%
97	BANCO BPM	0.3%
98	BANK OF IRELAND GROUP PLC	0.2%
99	KONE	0.2%
100	CREDIT AGRICOLE SA	0.2%
101	VONOVIA SE	0.2%
102	VOLKSWAGEN NON-VOTING PREF AG	0.2%
103	WARTSILA	0.2%
104	KONINKLIJKE KPN NV	0.2%
105	BANCO DE SABADELL	0.2%
106	HANNOVER RUECK	0.2%
107	FINECOBANK BANCA FINECO	0.2%
108	DSM FIRMENICH AG	0.2%
109	TELECOM ITALIA	0.2%
110	TERNA RETE ELETTRICA NAZIONALE	0.2%
111	CAPGEMINI	0.2%
112	EDP ENERGIAS DE PORTUGAL SA	0.2%
113	POSTE ITALIANE	0.2%
114	KERRY GROUP PLC	0.2%
115	BAWAG GROUP AG	0.2%
116	TELEFONICA SA	0.2%
117	WOLTERS KLUWER NV	0.2%
118	KINGSPAN GROUP PLC	0.2%
119	DASSAULT SYSTEMES	0.2%
120	CELLNEX TELECOM	0.2%
121	PERNOD RICARD SA	0.2%
122	UPM-KYMMENE	0.2%
123	ENDESA SA	0.2%
124	SNAM	0.2%
125	NATURGY ENERGY GROUP SA	0.2%
126	SYMRISE AG	0.2%
127	RYANAIR HOLDINGS PLC	0.2%
128	NESTE	0.2%
129	SIEMENS HEALTHINEERS AG	0.2%
130	HENKEL & KGAA PREF AG	0.2%
131	MONCLER	0.2%
132	UNIBAIL RODAMCO WE STAPLED UNITS	0.2%
133	EURONEXT NV	0.2%
134	BOUYGUES SA	0.2%
135	AGEAS SA	0.2%
136	METSO CORPORATION	0.2%
137	ASR NEDERLAND NV	0.2%
138	STELLANTIS NV	0.2%
139	BANKINTER SA	0.1%
140	AEGON LTD	0.1%
141	UNIPOL ASSICURAZIONI SPA	0.1%
142	CARREFOUR SA	0.1%
143	AKZO NOBEL NV	0.1%
144	FORTUM	0.1%
145	ACCOR SA	0.1%
146	BANCO COMERCIAL PORTUGUES SA	0.1%
147	GEA GROUP AG	0.1%
148	BUREAU VERITAS SA	0.1%
149	OMV AG	0.1%
150	REXEL SA	0.1%
151	EIFFAGE SA	0.1%
152	HEINEKEN HOLDING NV	0.1%
153	CONTINENTAL AG	0.1%
154	EUROFINS SCIENTIFIC	0.1%
155	FRESENIUS MEDICAL CARE AG	0.1%
156	ABIVAX SA	0.1%
157	ORION CLASS B	0.1%
158	MAGNUM ICE CREAM NV	0.1%
159	GALP ENERGIA SGPS SA CLASS B	0.1%
160	RAIFFEISEN BANK INTERNATIONAL AG	0.1%
161	TENARIS SA	0.1%
162	KLEPIERRE REIT SA	0.1%
163	HOCHTIEF AG	0.1%
164	ACCIONA SA	0.1%
165	BEIERSDORF AG	0.1%
166	TALANX AG	0.1%
167	KNORR BREMSE AG	0.1%
169	INTERNATIONAL AIRLINES GROUP SA	0.1%
170	QIAGEN NV	0.1%
171	BRENNTAG	0.1%
172	HENKEL AG	0.1%
173	DELIVERY HERO	0.1%
174	ITALGAS	0.1%
175	EXOR NV	0.1%
176	ELIA GROUP SA	0.1%
177	SARTORIUS PREF AG	0.1%
178	ZALANDO	0.1%
179	GROUPE BRUXELLES LAMBERT NV	0.1%
180	IPSEN SA	0.1%
181	DEUTSCHE LUFTHANSA AG	0.1%
182	ALSTOM SA	0.1%
183	RECORDATI INDUSTRIA CHIMICA E FARM	0.1%
184	DASSAULT AVIATION SA	0.1%
185	STORA ENSO CLASS R	0.1%
186	AMUNDI SA	0.1%
187	DR ING HC F PORSCHE PRF AG	0.1%
188	KESKO CLASS B	0.1%
189	SCOUT24 N	0.1%
190	SARTORIUS STEDIM BIOTECH SA	0.1%
191	HENSOLDT AG	0.1%
192	BANCA MEDIOLANUM	0.1%
193	RENAULT SA	0.1%
194	ELISA	0.1%
195	GETLINK	0.1%
196	SYENSQO NV	0.1%
197	FINANCIERE DE TUBIZE SA	0.1%
198	JERONIMO MARTINS SA	0.1%
199	LOTUS BAKERIES NV	0.1%
200	EDP RENEWABLES SA	0.1%
201	MAPFRE SA	0.1%
202	CASH COLLATERAL EUR MSIFT	0.1%
203	PORSCHE AUTOMOBIL HOLDING PREF	0.1%
204	AYVENS SA	0.1%
205	INDRA SISTEMAS SA	0.1%
206	SODEXO SA	0.1%
207	INPOST SA	0.1%
208	AEROPORTS DE PARIS SA	0.1%
209	EVONIK INDUSTRIES AG	0.1%
210	DIETEREN (D) SA	0.1%
211	VERBUND AG	0.1%
212	SOFINA SA	0.1%
213	CTS EVENTIM AG	0.1%
214	BUZZI	0.1%
215	DAVIDE CAMPARI MILANO NV	0.1%
216	RATIONAL AG	0.1%
217	GECINA SA	0.1%
218	NEMETSCHEK	0.1%
219	COVIVIO SA	0.0%
220	BOLLORE	0.0%
221	REDEIA CORPORACION SA	0.0%
222	BIOMERIEUX SA	0.0%
223	CVC CAPITAL PARTNERS PLC	0.0%
224	DERECHOS IBERDROLA S.A. SA	0.0%
225	CSG CLASS A NV	0.0%
226	USD CASH	0.0%
227	DERECHOS ACTIVIDADES DE CONSTRUCCI	0.0%
228	GBP CASH	0.0%
229	EUR/CHF	0.0%
230	EURO STOXX 50 SEP 26	0.0%
232	USD/CHF	0.0%
233	CHF CASH	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 0% of similar ETFs💰 All-in cost cheaper than 0%📈 Higher 1-yr return than 71%📈 Higher 3-yr return than 69%📈 Higher 5-yr return than 71%📊 Beat its category by 4.0% (1-yr) (category average +11.8%)📊 Beat its category by 3.0% (3-yr) (category average +9.8%)📊 Beat its category by 4.3% (5-yr) (category average +4.6%)

Versus the Equity (stocks) · Eurozone · CHF ETFs we track.

Advanced risk

1.24

Sortino (3y) ?

0.82

Calmar (3y) ?

9.7%

Downside deviation ?

67%

Up months (hit rate) ?

CHF 10.40

52-week high ?

CHF 8.54

52-week low ?

Concentration depth

~55 ?

Effective number of holdings

Roughly 233 companies are held, but the largest names carry most of the weight — so it behaves like ~55 equal-sized positions.

Tilt vs a world tracker

United States-72.1

France+25.1

Germany+22.5

Netherlands+15.5

Technology-13.0

Spain+10.1

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Documents

📄 KID (PDF)

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Eurozone stocks

Compare side by side

6 similar funds

	iShares MSCI EMU CHF Hedged UCITS ETF (Acc)iSharesYou're viewing	UBS Core MSCI EMU UCITS ETF hGBP disUBSBroader match	UBS Core MSCI EMU UCITS ETF hGBP accUBSBroader match	iShares Core MSCI EMU UCITS ETFiSharesBroader match	UBS Core MSCI EMU UCITS ETF hCHF accUBSBroader match	iShares Core MSCI EMU UCITS ETFiSharesBroader match	iShares Core MSCI EMU UCITS ETFiSharesBroader match
Why it's similar	This is the fund on this page.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	MSCI EMU Index	MSCI EMU	MSCI EMU	MSCI EMU	MSCI EMU	MSCI Emu	MSCI Emu
Yearly fee (TER)	0.38%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%
All-in cost	0.38%	0.00%	0.00%	0.12%	0.00%	0.00%	0.00%
Fund size	€186.2M	€8.9B	€8.9B	€8.8B	€8.1B	€7.9B	€7.9B
Domicile	Ireland	LU	LU	Ireland	LU	Ireland	Ireland
Replication	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.	+12.9%	+16.8%	+20.2%	+14.3%	+15.2%	+19.9%	+15.2%
5-yr return p.a.	+8.9%	+9.2%	+12.3%	+9.5%	+8.7%	+10.6%	+8.6%
# holdings	233	10	10	230	10	230	230

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Data as of 2026-07-17 · Source: issuer data, compiled by Finance Hamster

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