Index
Funds that track the MSCI Europe
16 UK-listed funds Fundology covers track the MSCI Europe. Ongoing charges run from 0.07% (UB12) to 0.31% a year, as of 09/10/2026.
The MSCI Europe is an index of large and medium-sized European companies.
At a glance
- Funds
- 16
- Providers
- 8
- Ongoing charges
- 0.07% to 0.31%
- Accumulating · distributing
- 10 · 6
The lowest ongoing charge among the 16 MSCI Europe funds Fundology tracks is 0.07% a year (UB12), as of 09/10/2026. A lower charge does not guarantee a better return.
10 accumulate their income and 6 pay it out; 2 are currency-hedged share classes. 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 SMEA (£10bn), IMEU (£6.7bn), XMEU (£4.8bn), CEG2 (£2.6bn) and UB12 (£1.0bn), 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 (3), Deka (1), HSBC (2), Invesco (1), iShares (3), SPDR (1), UBS (2), Xtrackers (3).
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 +56.9% (0MQ1) to +77.8% (XEOU); the median of 13 funds was +58.6%.
Over the three years to 09/10/2026, total returns with income reinvested ranged from +43.7% (XEOU) to +50.5% (ERO); the median of 13 funds was +46.8%. 2 funds report the price change only, without income paid out: from +48.6% (HMES) to +64.2% (0A3G).
Over the year to 09/10/2026, total returns with income reinvested ranged from +5.5% (MSEA) to +14.7% (XEOU); the median of 15 funds was +9.5%.
| Period | Funds | Lowest | Median | Highest |
|---|---|---|---|---|
| 1 yearIncome reinvested · to | 15 | +5.5% MSEA | +9.5% | +14.7% XEOU |
| 3 yearsIncome reinvested · to | 13 | +43.7% XEOU | +46.8% | +50.5% ERO |
| 3 yearsPrice only · to | 2 | +48.6% HMES | +56.4% | +64.2% 0A3G |
| 5 yearsIncome reinvested · to | 13 | +56.9% 0MQ1 | +58.6% | +77.8% XEOU |
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 Europe (16)
All 16 funds that track the MSCI Europe, 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 |
|---|---|---|---|---|---|---|
| CEG2 Amundi Index Solutions - MSCI Europe UCITS ETF DRAccumulating | 0.15% | £2.6bn | +9.5% | +46.8% | +58.4% | +23.9% |
| CE2D Amundi Index Solutions - MSCI Europe UCITS ETF DR DistDistributing | 0.20% | £294m | +9.5% | +46.8% | +58.5% | +23.9% |
| MEUG Amundi MSCI Europe UCITS ETF Act -Acc-Accumulating | 0.25% | £387m | +9.4% | +46.3% | +57.6% | +23.2% |
| 0MQ1 Deka MSCI Europe UCITS ETFDistributing | 0.30% | £663m | +9.1% | +45.5% | +56.9% | +22.7% |
| HMES HSBC MSCI Europe UCITS ETF Accum EURAccumulating | 0.14% | £57.9m | +9.4% | +48.6%price | Not reported | Not reported |
| HMEU HSBC MSCI Europe UCITS ETF EURDistributing | 0.14% | £227m | +9.4% | +46.7% | +58.6% | +23.9% |
| MXEU Invesco MSCI Europe UCITS ETFAccumulating | 0.19% | £35.1m | +10.9% | +50.2% | +61.1% | +25.9% |
| IMEU iShares Core MSCI Europe UCITS ETFDistributing | 0.12% | £6.7bn | +9.5% | +46.8% | +58.7% | +24.1% |
| 0A3G iShares Core MSCI Europe UCITS ETFAccumulating · Hedged to MXN | 0.17% | £101m | +20.8%price | +64.2%price | +154.5%price | +98.9%price |
| SMEA iShares Core MSCI Europe UCITS ETF EUR (Acc)Accumulating | 0.12% | £10bn | +9.5% | +46.9% | +58.7% | +24.1% |
| ERO State Street SPDR MSCI Europe UCITS ETFAccumulating | 0.25% | £249m | +11.1% | +50.5% | +61.3% | +26.1% |
| UB12 UBS Core MSCI Europe UCITS ETF EUR dis- DistributionDistributing | 0.07% | £1.0bn | +9.6% | +47.1% | +58.7% | +24.0% |
| MSEA UBS Core MSCI Europe UCITS ETF Capitalisation AAccumulating | 0.10% | £482m | +5.5% | Not reported | Not reported | Not reported |
| XMEU Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1CAccumulating | 0.13% | £4.8bn | +9.5% | +46.8% | +58.4% | +23.9% |
| XEOU Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2CAccumulating · Hedged to USD | 0.31% | £198m | +14.7% | +43.7% | +77.8% | +39.0% |
| 0HDF Xtrackers MSCI EUROPE UCITS ETF Distribution 1DDistributing | 0.13% | £250m | +9.4% | +46.5% | +58.4% | +23.8% |
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 Europe?
16 UK-listed funds Fundology covers track the MSCI Europe, as of 09/10/2026. 10 accumulate their income and 6 pay it out; 2 are currency-hedged share classes. They come from 8 providers: Amundi (3), Deka (1), HSBC (2), Invesco (1), iShares (3), SPDR (1), UBS (2), Xtrackers (3). Each fund is listed once, by one share class; its other share classes are on its own page.
Which MSCI Europe fund has the lowest ongoing charge?
The lowest ongoing charge among the 16 MSCI Europe funds Fundology tracks is 0.07% a year (UB12), as of 09/10/2026. A lower charge does not guarantee a better return.
What is the largest MSCI Europe fund in the UK?
By fund size, SMEA (iShares Core MSCI Europe UCITS ETF EUR (Acc)) is the largest of the 16 funds here, at £10bn 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 16 MSCI Europe funds here, 10 accumulate and 6 distribute.
What is the MSCI Europe?
The MSCI Europe is an index of large and medium-sized European companies.
How is this list ordered?
Listed by name unless ordered by ongoing charge. No order on this page is a ranking or a recommendation.