ETF · iShares
IEUX iShares MSCI Europe ex-UK UCITS ETF
ISIN IE00B14X4N27London Stock Exchange: IEUXBlackRock, Inc.
- European shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£47.43
on
- Ongoing charge
- 0.40% a year
- Fund size
- £1.1bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, IEUX (iShares MSCI Europe ex-UK UCITS ETF, ISIN IE00B14X4N27) closed at £47.43 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the five years to 13/11/2026 its total return was +47.8%, or +15.4% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +10.7%
- +6.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +51.2%
- +36.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +47.8%
- +15.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,478 on 13/11/2026 — about £1,154 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included): 2022 −9.2%, 2023 +12.1%, 2024 −0.4%, 2025 +23.6%; 2026 to 13/11/2026 +6.4%. Returns of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.7%; to 30/09/2025: +12.5%; to 30/09/2024: +13.3%; to 30/09/2023: +16.3%; to 30/09/2022: −13.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +6.4% | +3.0% | |
| to | +23.6% | +19.4% | |
| to | −0.4% | −3.8% | |
| +12.1% | +7.7% | ||
| −9.2% | −16.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.7% | +4.8% |
| from | +12.5% | +8.1% |
| from | +13.3% | +10.4% |
| from | +16.3% | +9.3% |
| from | −13.8% | −20.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
14.9%over 5 years
| 1 year | 14.1% |
|---|---|
| 3 years | 13.2% |
| 5 years | 14.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −19.2%
- From to
- Lowest 12-month return
- −15.7%
- 12 months to
- Highest 12-month return
- +24.4%
- 12 months to
- Below its highest weekly close since November 2021
- 2.5%
- High of , latest
In words: Volatility of iShares MSCI Europe ex-UK UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 14.1% over 1 year, 13.2% over 3 years, 14.9% over 5 years. Largest fall in the price of iShares MSCI Europe ex-UK UCITS ETF since November 2021, in pounds: −19.2% from 19/11/2021 to 30/09/2022. The lowest 12-month return of iShares MSCI Europe ex-UK UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −15.7% (12 months to 14/10/2022); the highest was +24.4% (12 months to 17/04/2026). On 13/11/2026 the price of iShares MSCI Europe ex-UK UCITS ETF was 2.5% below its highest weekly close since November 2021 (07/08/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.40%
- a year
- On £10,000
- £40
- a year, roughly
- Over five years
- £198
- of £10,000, before growth
- 206 charge less
- 8 the same
- 28 charge more
Ongoing charge of iShares MSCI Europe ex-UK UCITS ETF 0.40% a year. Compared on 14/11/2026, 28 of the 242 other European share funds charge more, 8 the same and 206 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
iShares MSCI Europe ex-UK UCITS ETF is an exchange-traded fund (ETF) from iShares, launched in 2006.
It tracks the MSCI Europe ex UK — 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 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- IEUX
- ISIN
- IE00B14X4N27
- Also listed as
- IQQU (Xetra, euros)
- Provider
- iShares
- Tracks
- MSCI Europe ex UK
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.40% a year · about £40 on £10,000
- Fund size
- £1.1bn
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- European shares
Price chart
Over the last year, the closing price went from £43.75 on 14/11/2025 to £47.43 on 13/11/2026 (+8.4%). The lowest close shown was £42.27 on 20/03/2026 and the highest £48.63 on 07/08/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 326
- on record
- Ten largest
- 24.4%
- of the whole fund
- Effective number of holdings
- 89
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.2%
- ASML
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ASMLASMLInformation Technology | 5.22% |
| 2 | Roche Ps ParHealth Care | 3.14% |
| 3 | NovartisNOVNHealth Care | 2.79% |
| 4 | NestleNESNConsumer Staples | 2.53% |
| 5 | SAPSAPInformation Technology | 2.24% |
| 6 | SiemensSIEIndustrials | 2.00% |
| 7 | AllianzALVFinancials | 1.79% |
| 8 | TotalEnergiesTTEEnergy | 1.62% |
| 9 | Banco SantanderSANFinancials | 1.60% |
| 10 | IberdrolaIBEUtilities | 1.47% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Financials24.4%
- Industrials19.0%
- Health Care14.3%
- Information Technology10.4%
- Consumer Staples7.4%
- Consumer Discretionary6.9%
- Utilities5.0%
- Materials4.8%
- Other sectors7.7%
By country
- Switzerland19.8%
- France19.1%
- Germany17.6%
- Netherlands10.6%
- Spain7.8%
- Sweden7.1%
- Italy6.3%
- Denmark3.4%
- Other countries8.3%
By type of asset
- Equity99.6%
- Cash and money market0.4%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 320 holdings; the ten largest make up 24.4% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track MSCI Europe ex UK, this one included and share classes counted once; their ongoing charges range from 0.20% to 0.40% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Invesco MSCI Europe ex-UK UCITS ETFAccumulating · 0.20% a year | 0.20% | +10.9% | +51.7% | +48.5% |
| iShares MSCI Europe ex-UK UCITS ETFThis fundDistributing · 0.40% a year | 0.40% | +10.7% | +51.2% | +47.8% |
As of
MSCI Europe ex UK funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of IEUX?
The ongoing charge of IEUX is 0.40% a year — about £40 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 Europe ex-UK UCITS ETF 0.40% a year. Compared on 14/11/2026, 28 of the 242 other European share funds charge more, 8 the same and 206 less (share classes counted once).
What does IEUX track?
IEUX tracks the MSCI Europe ex UK — large and medium-sized European companies.
Is IEUX accumulating or distributing?
IEUX is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of IEUX?
The ISIN of IEUX is IE00B14X4N27. An ISIN identifies one exact share class of a fund; IEUX is its ticker on the London Stock Exchange. The same share class is also listed as IQQU (Xetra, euros).
What does IEUX hold?
As of 06/11/2026, IEUX holds 320 positions, according to its published holdings. The largest is ASML at 5.22% of the fund; the ten largest make up 24.4%. Its ten largest holdings are ASML (5.22%), Roche Ps Par (3.14%), Novartis (2.79%), Nestle (2.53%), SAP (2.24%), Siemens (2.00%), Allianz (1.79%), TotalEnergies (1.62%), Banco Santander (1.60%) and Iberdrola (1.47%).
What were IEUX’s returns in each of the last five years?
Calendar-year returns of IEUX in pounds (price only, income paid out not included): 2022 −9.2%, 2023 +12.1%, 2024 −0.4%, 2025 +23.6%; 2026 to 13/11/2026 +6.4%. Past performance is not a guide to future returns.
How has IEUX done after inflation?
Over the five years to 13/11/2026 IEUX’s total return was +47.8%, or +15.4% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
Fund documents and methods
- Fund documents
- Fund page at iShares · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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