# iShares MSCI EMU Mid Cap UCITS ETF EUR (EMUM)

**Page:** https://fundology.uk/fund/emum · ISIN IE00BCLWRD08

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, EMUM (iShares MSCI EMU Mid Cap UCITS ETF EUR, ISIN IE00BCLWRD08) closed at €83.78 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the five years to 13/11/2026 its total return was +57.9%, or +23.3% after UK CPIH inflation.

## Summary

iShares MSCI EMU Mid Cap UCITS ETF EUR is an exchange-traded fund (ETF) from iShares, launched in 2013. It tracks the MSCI EMU Mid Cap. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.49% a year — about £49 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **€83.78** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMUM |
| ISIN | IE00BCLWRD08 |
| Also listed as | IS3H (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EMU Mid Cap |
| Income | Accumulating |
| Ongoing charge | 0.49% a year (£49 per £10,000) |
| Fund size | £474m |
| Launched | 2013 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 16/09/2013 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +15.18% | +11.11% | income reinvested |
| 3 years | +80.57% | +63.14% | income reinvested |
| 5 years | +57.90% | +23.25% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCI EMU Mid Cap UCITS ETF EUR in pounds (price, with income reinvested in the fund): 2025 +36.7%; 2026 to 13/11/2026 +14.6%. Returns of iShares MSCI EMU Mid Cap UCITS ETF EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +15.0%; to 30/09/2025: +32.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2025 | +36.7% | +32.0% | Price |
| 2026 to 13/11/2026 | +14.6% | +11.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.00% | -9.12% |

## Largest fall

Volatility of iShares MSCI EMU Mid Cap UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 14.0% over 1 year. The lowest 12-month return of iShares MSCI EMU Mid Cap UCITS ETF EUR in pounds (price, with income reinvested in the fund) since January 2024 was +9.6% (12 months to 11/04/2025); the highest was +39.9% (12 months to 19/12/2025).

## Charges compared with similar funds

Ongoing charge of iShares MSCI EMU Mid Cap UCITS ETF EUR 0.49% a year. Compared on 14/11/2026, 14 of the 242 other European share funds charge more, 2 the same and 226 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.49%** per year
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 06/11/2026, EMUM holds 119 positions, according to its published holdings. The largest is Repsol at 2.86% of the fund; the ten largest make up 20.8%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Repsol | [REP](https://fundology.uk/stock/REP) | 2.86% |
| 2 | Prysmian | [PRY](https://fundology.uk/stock/PRY) | 2.44% |
| 3 | ABN AMRO Bank N.V. Depositary receipts | [ABN](https://fundology.uk/stock/ABN) | 2.18% |
| 4 | AerCap | [AER](https://fundology.uk/stock/AER) | 2.06% |
| 5 | Publicis Groupe | [PUB](https://fundology.uk/stock/PUB) | 2.04% |
| 6 | AIB Group | [A5G](https://fundology.uk/stock/A5G) | 2.01% |
| 7 | Fresenius SE | [FRE](https://fundology.uk/stock/FRE) | 1.92% |
| 8 | NN Group | [NN](https://fundology.uk/stock/NN) | 1.80% |
| 9 | Wolters Kluwer | [WKL](https://fundology.uk/stock/WKL) | 1.76% |
| 10 | Leonardo Finmeccanica | — | 1.68% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

As published for the fund, as of 06/11/2026.

| Sector | Weight |
|---|---|
| Financials | 26.2% |
| Industrials | 23.1% |
| Health Care | 8.4% |
| Utilities | 6.8% |
| Consumer Staples | 6.7% |
| Materials | 6.2% |
| Energy | 6.2% |
| Consumer Discretionary | 5.5% |
| Other sectors | 10.9% |

### By country

As published for the fund, as of 06/11/2026.

| Country | Weight |
|---|---|
| France | 18.3% |
| Italy | 17.0% |
| Netherlands | 16.8% |
| Germany | 13.8% |
| Spain | 9.9% |
| Finland | 7.4% |
| Ireland | 6.2% |
| Belgium | 4.0% |
| Other countries | 6.6% |

### By type of asset

Added up from the fund’s published holdings, as of 06/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.6% |
| Cash and money market | 0.4% |

All 122 holdings: https://fundology.uk/fund/emum/holdings

## Questions people ask

**What is the ongoing charge of EMUM?**

The ongoing charge of EMUM is 0.49% a year — about £49 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of iShares MSCI EMU Mid Cap UCITS ETF EUR 0.49% a year. Compared on 14/11/2026, 14 of the 242 other European share funds charge more, 2 the same and 226 less (share classes counted once).

**What does EMUM track?**

EMUM tracks the MSCI EMU Mid Cap.

**Is EMUM accumulating or distributing?**

EMUM is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of EMUM?**

The ISIN of EMUM is IE00BCLWRD08. An ISIN identifies one exact share class of a fund; EMUM is its ticker on the London Stock Exchange. The same share class is also listed as IS3H (Xetra, euros).

**What does EMUM hold?**

As of 06/11/2026, EMUM holds 119 positions, according to its published holdings. The largest is Repsol at 2.86% of the fund; the ten largest make up 20.8%. Its ten largest holdings are Repsol (2.86%), Prysmian (2.44%), ABN AMRO Bank N.V. Depositary receipts (2.18%), AerCap (2.06%), Publicis Groupe (2.04%), AIB Group (2.01%), Fresenius SE (1.92%), NN Group (1.80%), Wolters Kluwer (1.76%) and Leonardo Finmeccanica (1.68%).

**What were EMUM’s returns in each of the last five years?**

Calendar-year returns of EMUM in pounds (price, with income reinvested in the fund): 2025 +36.7%; 2026 to 13/11/2026 +14.6%. Past performance is not a guide to future returns.

**How has EMUM done after inflation?**

Over the five years to 13/11/2026 EMUM’s total return was +57.9%, or +23.3% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at iShares](https://www.ishares.com/uk/individual/en/products/257270/ishares-msci-emu-mid-cap-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-emu-mid-cap-ucits-etf-eur-acc-gb-ie00bclwrd08-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/emum-ishares-msci-emu-mid-cap-ucits-etf-fund-fact-sheet-en-gb.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.