Index
Funds that track the MSCI Emerging Markets
21 UK-listed funds Fundology covers track the MSCI Emerging Markets. Ongoing charges run from 0.09% (BRGB) to 0.55% a year, as of 09/10/2026.
The MSCI Emerging Markets is an index of companies in emerging economies such as China, India, Taiwan and Brazil.
At a glance
- Funds
- 21
- Providers
- 8
- Ongoing charges
- 0.09% to 0.55%
- Accumulating · distributing
- 13 · 8
The lowest ongoing charge among the 21 MSCI Emerging Markets funds Fundology tracks is 0.09% a year (BRGB), as of 09/10/2026. A lower charge does not guarantee a better return.
13 accumulate their income and 8 pay it out. Each fund is listed once, by one share class; its other share classes are on its own page.
By fund size, the 5 largest are XMMS (£8.3bn), SEMA (£6.1bn), IEEM (£5.9bn), E127 (£3.6bn) and LEMA (£3.6bn), as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
They come from 8 providers: Amundi (7), BNP Paribas (1), HSBC (2), Invesco (1), iShares (3), SPDR (1), UBS (2), Xtrackers (4).
Terms:Index fundsOngoing charges figureTracking differenceAccumulating or incomeCurrency hedging
Past returns, side by side
Over the five years to 09/10/2026, total returns with income reinvested ranged from +54.3% (LEML) to +69.1% (AEMU); the median of 14 funds was +56.8%.
Over the three years to 09/10/2026, total returns with income reinvested ranged from +76.3% (AEME) to +79.0% (UB32); the median of 17 funds was +77.4%. 2 funds report the price change only, without income paid out: from +66.9% (XMCM) to +74.9% (HEMC).
Over the year to 09/10/2026, total returns with income reinvested ranged from +27.4% (AEME) to +28.2% (HEMC); the median of 19 funds was +27.8%.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 yearIncome reinvested · to | 19 | +27.4% AEME | +27.8% | +28.2% HEMC |
| 3 yearsIncome reinvested · to | 17 | +76.3% AEME | +77.4% | +79.0% UB32 |
| 3 yearsPrice only · to | 2 | +66.9% XMCM | +70.9% | +74.9% HEMC |
| 5 yearsIncome reinvested · to | 14 | +54.3% LEML | +56.8% | +69.1% AEMU |
Source: TradingView reported returns, and Fundology’s own from daily closes where none is reported, as of
How we work it out:ReturnsReturns after inflationTotal return
Funds that track the MSCI Emerging Markets (21)
All 21 funds that track the MSCI Emerging Markets, one share class each, listed by name. An order is not a ranking of quality.
| Fund | Charge | Size | 1 year | 3 years | 5 years | 5 years after inflation |
|---|---|---|---|---|---|---|
| AEME Amundi Core MSCI Emerging Markets -UCITS ETF DR- CapitalisationAccumulating | 0.18% | £2.8bn | +27.4% | +76.3% | +56.7% | +22.5% |
| AEMD Amundi Core MSCI Emerging Markets -UCITS ETF DR- DistributionDistributing | 0.24% | £751m | +27.6% | +77.7% | +56.4% | +22.3% |
| AEMU Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution USDDistributing | 0.25% | £59.2m | +27.4% | +76.3% | +69.1% | +32.2% |
| AUEG Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- CapitalisationAccumulating | 0.20% | £959m | +28.1% | +78.4% | +57.0% | +22.7% |
| LEML Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc-Accumulating | 0.55% | £24.0m | +27.6% | +76.4% | +54.3% | +20.6% |
| BRGB BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF-Accumulating | 0.09% | £44.6m | Not reported | Not reported | Not reported | Not reported |
| HMEF HSBC MSCI Emerging Markets UCITS ETFDistributing | 0.15% | £2.4bn | +28.2% | +77.4% | +56.2% | +22.1% |
| HEMC HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSDAccumulating | 0.15% | £1.1bn | +28.2% | +74.9%price | Not reported | Not reported |
| MXFP Invesco MSCI Emerging Markets UCITS ETFAccumulating | 0.19% | £295m | +27.7% | +76.9% | +55.2% | +21.3% |
| SEMA iShares MSCI EM UCITS ETF USD (Acc)Accumulating | 0.18% | £6.1bn | +27.8% | +78.6% | +57.4% | +23.0% |
| IEEM iShares MSCI EM UCITS ETF USD (Dist)Distributing | 0.18% | £5.9bn | +27.8% | +78.5% | +57.1% | +22.8% |
| ESWP iShares MSCI EM Swap UCITS ETF Accum- USDAccumulating | 0.14% | £154m | Not reported | Not reported | Not reported | Not reported |
| E127 Multi Units LU - Amundi MSCI Emerging Markets IIDistributing | 0.14% | £3.6bn | +28.1% | +79.0% | Not reported | Not reported |
| LEMA Multi Units LU - Amundi MSCI Emerging Markets II AccAccumulating | 0.14% | £3.6bn | +27.9% | +77.5% | Not reported | Not reported |
| EMRD State Street SPDR MSCI Emerging Markets UCITS ETFAccumulating | 0.18% | £1.3bn | +27.7% | +77.2% | +57.3% | +23.0% |
| 0Y0L UBS MSCI EM SF UCITS ETFAccumulating | 0.14% | £102m | +27.7% | +76.7% | +57.4% | +23.0% |
| UB32 UBS ETF - MSCI Emerging Markets UCITS ETF A DistributionDistributing | 0.15% | £1.9bn | +28.0% | +79.0% | +57.9% | +23.4% |
| XMCM Xtrackers MSCI Emerging Markets Swap UCITS ETFDistributing | 0.12% | £120m | +27.8% | +66.9%price | Not reported | Not reported |
| XMEM Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1CAccumulating | 0.12% | £588m | +27.8% | +77.3% | +55.5% | +21.5% |
| XMMS Xtrackers MSCI Emerging Markets UCITS ETFAccumulating | 0.18% | £8.3bn | +27.8% | +78.3% | +56.6% | +22.4% |
| XEMD Xtrackers MSCI Emerging Markets UCITS ETF USDDistributing | 0.18% | £529m | +27.6% | +76.8% | Not reported | Not reported |
Source: TradingView (returns, size and most charges), fund issuers (some charges), ONS CPIH (inflation), as of , at least 15 min delayed
Questions people ask
How many UK funds track the MSCI Emerging Markets?
21 UK-listed funds Fundology covers track the MSCI Emerging Markets, as of 09/10/2026. 13 accumulate their income and 8 pay it out. They come from 8 providers: Amundi (7), BNP Paribas (1), HSBC (2), Invesco (1), iShares (3), SPDR (1), UBS (2), Xtrackers (4). Each fund is listed once, by one share class; its other share classes are on its own page.
Which MSCI Emerging Markets fund has the lowest ongoing charge?
The lowest ongoing charge among the 21 MSCI Emerging Markets funds Fundology tracks is 0.09% a year (BRGB), as of 09/10/2026. A lower charge does not guarantee a better return.
What is the largest MSCI Emerging Markets fund in the UK?
By fund size, XMMS (Xtrackers MSCI Emerging Markets UCITS ETF) is the largest of the 21 funds here, at £8.3bn as reported on 09/10/2026. Size shows how widely a fund is held, not how it will perform.
What is the difference between the accumulating and distributing versions?
An accumulating share class reinvests the income from its holdings inside the fund, so it shows up as a rising price; a distributing class pays it out to holders as cash, usually a few times a year. Of the 21 MSCI Emerging Markets funds here, 13 accumulate and 8 distribute.
What is the MSCI Emerging Markets?
The MSCI Emerging Markets is an index of companies in emerging economies such as China, India, Taiwan and Brazil.
How is this list ordered?
Listed by name unless ordered by ongoing charge. No order on this page is a ranking or a recommendation.