# iShares MSCI EMU USD Hedged UCITS ETF (Acc) (EMUU)

**Source:** https://fundology.uk/fund/emuu · ISIN IE00BWZN1T31 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, EMUU (iShares MSCI EMU USD Hedged UCITS ETF (Acc), ISIN IE00BWZN1T31) closed at $14.83 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the five years to 30/09/2026 its total return was +89.0%, or +47.7% after UK CPIH inflation.

## Summary

iShares MSCI EMU USD Hedged UCITS ETF (Acc) is an exchange-traded fund (ETF) from iShares, launched in 2015. It tracks the MSCI EMU 100% Hedged to USD Net Variant. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.38% a year — about £38 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **$14.83** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | EMUU |
| ISIN | IE00BWZN1T31 |
| Category | European shares |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI EMU 100% Hedged to USD Net Variant |
| Income | Accumulating |
| Ongoing charge | 0.38% a year (£38 per £10,000) |
| Fund size | £178m |
| Launched | 2015 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

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

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +21.75% | +17.93% | income reinvested |
| 3 years | +59.68% | +44.09% | income reinvested |
| 5 years | +88.96% | +47.72% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCI EMU USD Hedged UCITS ETF (Acc) in pounds (price, with income reinvested in the fund): 2022 +1.9%, 2023 +15.2%, 2024 +12.7%, 2025 +16.8%; 2026 to 30/09/2026 +15.3%. Returns of iShares MSCI EMU USD Hedged UCITS ETF (Acc) in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +20.5%; to 30/09/2025: +16.0%; to 30/09/2024: +13.7%; to 30/09/2023: +15.5%; to 30/09/2022: +1.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +1.9% | -6.7% | Price |
| 2023 | +15.2% | +10.6% | Price |
| 2024 | +12.7% | +8.9% | Price |
| 2025 | +16.8% | +12.8% | Price |
| 2026 to 30/09/2026 | +15.3% | +12.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.75% | -8.67% |
| 3 years | 13.37% | -14.51% |
| 5 years | 14.55% | -16.70% |

## Largest fall

Volatility of iShares MSCI EMU USD Hedged UCITS ETF (Acc) in pounds, annualised from weekly returns to 30/09/2026: 13.7% over 1 year, 13.4% over 3 years, 14.6% over 5 years. Largest fall in the price of iShares MSCI EMU USD Hedged UCITS ETF (Acc) since October 2021, in pounds: −16.7% from 12/11/2021 to 04/03/2022. The lowest 12-month return of iShares MSCI EMU USD Hedged UCITS ETF (Acc) in pounds (price, with income reinvested in the fund) since January 2021 was −2.9% (12 months to 11/04/2025); the highest was +35.8% (12 months to 03/03/2023). On 30/09/2026 the price of iShares MSCI EMU USD Hedged UCITS ETF (Acc) was 1.9% below its highest weekly close since October 2021 (14/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCI EMU USD Hedged UCITS ETF (Acc) 0.38% a year, as of 01/10/2026: 40 of the 225 other European share funds charge more, 0 the same and 185 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.38%** per year
- ISA eligible: yes
- SIPP eligible: yes

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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.