ETF comparison

iShares MSCI vs AEME

iShares MSCI EM UCITS ETF USD (Acc)
IE00B4L5YC18iShares
Amundi Core MSCI Emerging Markets UCITS ETF Acc
LU1437017350Amundi
Figures as of October 5, 2026 (iShares MSCI) · October 2, 2026 (AEME)

The comparison in short

iShares MSCI (iShares MSCI EM UCITS ETF USD (Acc), IE00B4L5YC18) and AEME (Amundi Core MSCI Emerging Markets UCITS ETF Acc, LU1437017350) both track the MSCI Emerging Markets index. iShares MSCI and AEME have the same total expense ratio (TER), 0.18% a year. iShares MSCI reports USD 10.8bn in assets and AEME EUR 10.3bn. iShares MSCI reports 785 holdings and AEME 1,170. 5 of the largest holdings of iShares MSCI (top 10) and AEME (top 50) appear in both lists; measured on those positions only, the overlap is at least 13.2%. Shared holdings include SK HYNIX, TENCENT HOLDINGS, MEDIATEK, ALIBABA GROUP HOLDING and DELTA ELECTRONICS. In 2025, iShares MSCI returned +33.8% and AEME +17.9%, a gap of 15.9 percentage points. Over 5 years, iShares MSCI returned +9.1% a year and AEME +9.6% a year. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. iShares MSCI and AEME both reinvest their income (accumulating share classes). iShares MSCI and AEME both hold the index securities directly (physical replication). iShares MSCI is domiciled in Ireland and AEME in Luxembourg. iShares MSCI and AEME both carry a risk indicator (SRRI) of 4 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureiShares MSCIAEME
ISINIE00B4L5YC18LU1437017350
Exchange tickers—AEME
Fund houseiSharesAmundi
Total expense ratio (TER)0.18%0.18%
Ongoing charges (KID)0.18%0.18%
Fund sizeUSD 10.8bnEUR 10.3bn
Launch dateSeptember 25, 2009May 9, 2017
ReplicationPhysicalPhysical
DomicileIrelandLuxembourg
Distribution policyAccumulatingAccumulating
Share class currencyUSDEUR
Number of holdings7851,170
Risk indicator (SRRI)4 / 74 / 7
SFDR classificationArticle 6—
BenchmarkMSCI Emerging Markets Index (Net)MSCI Emerging Markets Net Total Return USD Index

Performance

Calendar-year returns

YeariShares MSCIAEMEDifference
2025+33.8%+17.9%+15.9
2024+7.6%+14.5%−6.9
2023+9.7%+5.9%+3.8
2022−20.1%−15.0%−5.1
2021−2.6%+4.6%−7.2
2020+18.0%+8.2%+9.8

Annualised returns

PeriodiShares MSCIAEMEDifference
1 year+27.3%+32.0%−4.7
3 years+24.3%+21.2%+3.1
5 years+9.1%+9.6%−0.5
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

5 of the largest holdings of iShares MSCI (top 10) and AEME (top 50) appear in both lists; measured on those positions only, the overlap is at least 13.2%. Shared holdings include SK HYNIX, TENCENT HOLDINGS, MEDIATEK, ALIBABA GROUP HOLDING and DELTA ELECTRONICS.

Top 10 holdings of iShares MSCI

#HoldingWeight
1
TAIWAN SEMICONDUCTOR MANUFACTURING
15.84%
2
SAMSUNG ELECTRONICS LTD
7.59%
3
SK HYNIXIn both
5.99%
4
ISH MSCI CHINA A ETF USD ACC
3.26%
5
TENCENT HOLDINGSIn both
2.63%
6
ISHARES MSCI BRAZIL UCITS ET USDHA
2.23%
7
MEDIATEKIn both
1.88%
8
ALIBABA GROUP HOLDINGIn both
1.79%
9
DELTA ELECTRONICSIn both
0.98%
10
SAMSUNG ELECTRONICS NON VOTING PRE
0.94%

Top 10 holdings of AEME

#HoldingWeight
1
TAIWAN SEMICONDUCTOR MANUFAC
15.65%
2
SAMSUNG ELECTRONIC CO LTD
7.75%
3
SK HYNIX INCIn both
6.11%
4
TENCENT HOLDINGS LTDIn both
2.67%
5
MEDIATEK INCIn both
1.82%
6
ALIBABA GROUP HOLDING LTDIn both
1.81%
7
SAMSUNG ELECTRONICS - PFD NV
0.97%
8
DELTA ELECTRONICS INCIn both
0.93%
9
CHINA CONSTRUCTION BANK HK
0.83%
10
HON HAI PRECISION INDUSTRY
0.78%
Compare the largest holdings of iShares MSCI and AEME in the overlap checker

Sectors and countries

Largest sectors of iShares MSCI

  1. Information Technology43.2%
  2. Financials22.7%
  3. Consumer Discretionary7.0%
  4. Industrials5.7%
  5. Communication5.7%
  6. Materials5.1%
+ 4 more

Largest sectors of AEME

  1. Information Technology44.4%
  2. Financials19.0%
  3. Consumer Discretionary7.3%
  4. Industrials6.3%
  5. Communication Services5.8%
  6. Materials5.7%
+ 4 more

Largest countries of iShares MSCI

  1. Taiwan28.9%
  2. Korea (South)21.8%
  3. China15.9%
  4. India10.4%
  5. Other5.8%
  6. Ireland3.3%
+ 4 more

Largest countries of AEME

  1. Taiwan29.1%
  2. South Korea21.9%
  3. China19.2%
  4. India10.4%
  5. Brazil4.2%
  6. South Africa2.9%
+ 19 more

Frequently asked questions

What is the difference between iShares MSCI and AEME?

iShares MSCI (iShares MSCI EM UCITS ETF USD (Acc), IE00B4L5YC18) and AEME (Amundi Core MSCI Emerging Markets UCITS ETF Acc, LU1437017350) both track the MSCI Emerging Markets index. iShares MSCI and AEME have the same total expense ratio (TER), 0.18% a year. iShares MSCI and AEME both reinvest their income (accumulating share classes). iShares MSCI and AEME both hold the index securities directly (physical replication). iShares MSCI is domiciled in Ireland and AEME in Luxembourg. The share class of iShares MSCI is in USD, that of AEME in EUR. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, iShares MSCI or AEME?

iShares MSCI and AEME have the same total expense ratio (TER), 0.18% a year. Their key information documents state ongoing charges of 0.18% for iShares MSCI and 0.18% for AEME.

Which is bigger, iShares MSCI or AEME?

iShares MSCI reports USD 10.8bn in assets and AEME EUR 10.3bn.

Do iShares MSCI and AEME hold the same companies?

5 of the largest holdings of iShares MSCI (top 10) and AEME (top 50) appear in both lists; measured on those positions only, the overlap is at least 13.2%. Shared holdings include SK HYNIX, TENCENT HOLDINGS, MEDIATEK, ALIBABA GROUP HOLDING and DELTA ELECTRONICS.

How did iShares MSCI and AEME perform in 2025?

In 2025, iShares MSCI returned +33.8% and AEME +17.9%, a gap of 15.9 percentage points. Over 5 years, iShares MSCI returned +9.1% a year and AEME +9.6% a year. Over the past year, iShares MSCI returned +27.3% and AEME +32.0%. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. Past performance does not predict future returns.

Are iShares MSCI and AEME accumulating or distributing?

iShares MSCI is accumulating: it reinvests its income in the fund. AEME is accumulating: it reinvests its income in the fund.

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Other comparisons

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.