# iShares MSCIEurope Financials Sector UCITS ETF AccumEUR (ESIF)

**Page:** https://fundology.uk/fund/esif · ISIN IE00BMW42306

## 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, ESIF (iShares MSCIEurope Financials Sector UCITS ETF AccumEUR, ISIN IE00BMW42306) closed at £14.24 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the five years to 13/11/2026 its price changed by +148.1%, or +93.7% after UK CPIH inflation.

## Summary

iShares MSCIEurope Financials Sector UCITS ETF AccumEUR is an exchange-traded fund (ETF) from iShares, launched in 2020. It tracks the MSCI Europe Financials 20/35 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.18% a year — about £18 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: **£14.24** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | ESIF |
| ISIN | IE00BMW42306 |
| Category | Single sectors |
| Type | ETF |
| Provider | iShares |
| Tracks | MSCI Europe Financials 20/35 Capped Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.18% a year (£18 per £10,000) |
| Fund size | £553m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/11/2020 |

## 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 | +18.03% | +13.85% | income reinvested |
| 3 years | +125.16% | +103.43% | income reinvested |
| 5 years | +148.12% | +93.67% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund): 2022 +3.6%, 2023 +18.8%, 2024 +20.4%, 2025 +54.5%; 2026 to 13/11/2026 +11.8%. Returns of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +23.5%; to 30/09/2025: +44.0%; to 30/09/2024: +26.8%; to 30/09/2023: +28.6%; to 30/09/2022: −6.8%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +3.6% | -5.2% | Price |
| 2023 | +18.8% | +14.1% | Price |
| 2024 | +20.4% | +16.3% | Price |
| 2025 | +54.5% | +49.2% | Price |
| 2026 to 13/11/2026 | +11.8% | +8.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 18.91% | -11.35% |
| 3 years | 16.27% | -11.35% |
| 5 years | 18.72% | -20.41% |

## Largest fall

Volatility of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR in pounds, annualised from weekly returns to 13/11/2026: 18.9% over 1 year, 16.3% over 3 years, 18.7% over 5 years. Largest fall in the price of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR since November 2021, in pounds: −20.4% from 11/02/2022 to 04/03/2022. The lowest 12-month return of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) since January 2021 was −10.2% (12 months to 14/10/2022); the highest was +56.2% (12 months to 19/12/2025). On 13/11/2026 the price of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR was 5.5% below its highest weekly close since November 2021 (04/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of iShares MSCIEurope Financials Sector UCITS ETF AccumEUR 0.18% a year. Compared on 14/11/2026, 115 of the 164 other single-sector funds charge more, 17 the same and 32 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.18%** 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, ESIF holds 83 positions, according to its published holdings. The largest is HSBC at 8.82% of the fund; the ten largest make up 43.4%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 8.82% |
| 2 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 5.63% |
| 3 | Banco Santander | [SAN](https://fundology.uk/stock/SAN) | 5.01% |
| 4 | UBS Group | [UBSG](https://fundology.uk/stock/UBSG) | 4.42% |
| 5 | Banco Bilbao Vizcaya Argentaria | [BBVA](https://fundology.uk/stock/BBVA) | 4.16% |
| 6 | UniCredit | [UCG](https://fundology.uk/stock/UCG) | 3.42% |
| 7 | Zurich Insurance Group | [ZURN](https://fundology.uk/stock/ZURN) | 3.34% |
| 8 | BNP Paribas | [BNP](https://fundology.uk/stock/BNP) | 2.99% |
| 9 | Intesa Sanpaolo | — | 2.87% |
| 10 | ING Groep | [INGA](https://fundology.uk/stock/INGA) | 2.71% |

## 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 | 99.1% |
| Cash and derivatives | 0.9% |

### By country

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

| Country | Weight |
|---|---|
| United Kingdom | 22.7% |
| Germany | 13.3% |
| Switzerland | 12.1% |
| Spain | 11.5% |
| Italy | 10.6% |
| France | 7.7% |
| Netherlands | 6.0% |
| Sweden | 5.7% |
| Other countries | 10.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Equity | 99.1% |
| Cash and money market | 0.9% |

All 90 holdings: https://fundology.uk/fund/esif/holdings

## Questions people ask

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

The ongoing charge of ESIF is 0.18% a year — about £18 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 MSCIEurope Financials Sector UCITS ETF AccumEUR 0.18% a year. Compared on 14/11/2026, 115 of the 164 other single-sector funds charge more, 17 the same and 32 less (share classes counted once).

**What does ESIF track?**

ESIF tracks the MSCI Europe Financials 20/35 Capped Index - EUR - Benchmark TR Net — large and medium-sized European companies.

**Is ESIF accumulating or distributing?**

ESIF 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 ESIF?**

The ISIN of ESIF is IE00BMW42306. An ISIN identifies one exact share class of a fund; ESIF is its ticker on the London Stock Exchange.

**What does ESIF hold?**

As of 06/11/2026, ESIF holds 83 positions, according to its published holdings. The largest is HSBC at 8.82% of the fund; the ten largest make up 43.4%. Its ten largest holdings are HSBC (8.82%), Allianz (5.63%), Banco Santander (5.01%), UBS Group (4.42%), Banco Bilbao Vizcaya Argentaria (4.16%), UniCredit (3.42%), Zurich Insurance Group (3.34%), BNP Paribas (2.99%), Intesa Sanpaolo (2.87%) and ING Groep (2.71%).

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

Calendar-year returns of ESIF in pounds (price, with income reinvested in the fund): 2022 +3.6%, 2023 +18.8%, 2024 +20.4%, 2025 +54.5%; 2026 to 13/11/2026 +11.8%. Past performance is not a guide to future returns.

**How has ESIF done after inflation?**

Over the five years to 13/11/2026 ESIF’s price changed by +148.1%, or +93.7% 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/315815/ishares-msci-europe-financials-sector-ucits-etf)
- [Key investor information document (KIID)](https://www.ishares.com/gls-download/literature/kiid/ucits_kiid-ishares-msci-europe-financials-sector-ucits-etf-eur-acc-gb-ie00bmw42306-en.pdf)
- [Factsheet](https://www.ishares.com/gls-download/literature/fact-sheet/esif-ishares-msci-europe-financials-sector-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.