Cheapest MSCI Emerging Markets Net Total Return ETF

EM Equity Broad · Emerging Markets · equity

27 UCITS ETFs in our catalogue track MSCI Emerging Markets Net Total Return. The lowest ongoing charge is 0.14% a year, from iShares MSCI EM Swap UCITS ETF (IE000S3N6R34). Ongoing charges across all 27 funds range from 0.14% to 0.55%.

The cheapest fund overall may not be the one you can swap into. A distributing fund is not a like-for-like replacement for an accumulating one, and a synthetic fund carries swap counterparty risk that a physical one does not. The tables below are grouped so you compare within a variant, not across.

Accumulating · physical replication

10 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
HSBC MSCI EM ETF USD ACC
IE000KCS7J59 · HEMA
HSBCPhysicalIE0.15%15
SS SPDR MSCI EMG MRKT ETF-UA
IE00B469F816 · NDUEEGF
SPDRPhysicalIE0.18%18
Amundi Core MSCI Emerging Markets UCITS ETF Acc
LU1437017350 · AEME
AmundiPhysicalLU0.18%18
Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF DR (C)
LU2109787049 · SBIM
AmundiPhysicalLU0.18%18
iShares MSCI EM UCITS ETF USD (Acc)
IE00B4L5YC18 · SEMA
iSharesPhysicalIE0.18%18
iShares MSCI EM CTB Enhanced ESG UCITS ETF
IE00BHZPJ239 · EDG2
iSharesPhysicalIE0.18%18
Amundi MSCI Emerging Markets ESG Selection UCITS ETF DR (C)
LU2109787551 · SADM
AmundiPhysicalLU0.18%18
IVZ MSCI EM ESG PARIS ALIGND
IE000PJL7R74 · PAEM LN
InvescoPhysicalIE0.19%19
Amundi MSCI Emerging Markets SRI Climate Paris Aligned UCITS ETF DR (C)
LU1861138961 · EMSRI
AmundiPhysicalLU0.25%25
iShares MSCI EM SRI UCITS ETF
IE00BYVJRP78 · SUSM
iSharesPhysicalIE0.25%25

Distributing · physical replication

10 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
HSBC MSCI EMERGING MARKETS U
IE00B5SSQT16 · HMEM
HSBCPhysicalIE0.15%15
UBS Core MSCI EM UCITS ETF USD dis
LU0480132876 · EMMUSA
UBSSampledLU0.15%15
Amundi MSCI Emerging Markets SRI Climate Paris Aligned UCITS ETF DR - GBP (D)
LU2469335371 · AMEG
AmundiPhysicalLU0.16%16
iShares MSCI EM UCITS ETF USD (Dist)
IE00B0M63177 · IEEM
iSharesPhysicalIE0.18%18
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist
LU1737652583 · AEMD
AmundiPhysicalLU0.18%18
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist
LU2277591868 · AEMU
AmundiPhysicalLU0.18%18
iShares MSCI EM CTB Enhanced ESG UCITS ETF
IE00BHZPJ122 · EEDM
iSharesPhysicalIE0.18%18
UBS MSCI EM Socially Responsible UCITS ETF USD dis
LU1048313891 · UEF5
UBSPhysicalLU0.24%24
iShares MSCI EM SRI UCITS ETF
IE00BGDQ0T50 · SEMD
iSharesPhysicalIE0.25%25
Amundi MSCI Emerging Markets SRI Climate Paris Aligned UCITS ETF DR (D)
LU2059756754 · MSDU
AmundiPhysicalLU0.25%25

Accumulating · synthetic replication

6 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
iShares MSCI EM Swap UCITS ETF
IE000S3N6R34 · ESWP
iSharesSyntheticIE0.14%14
Amundi Core MSCI Emerging Markets Swap UCITS ETF Acc
LU2573967036 · LEMA
AmundiSyntheticLU0.14%14
Amundi MSCI Emerging Markets Swap UCITS ETF USD Acc
LU1681045453 · AUEM
AmundiSyntheticLU0.20%20
Amundi MSCI Emerging Markets Swap UCITS ETF EUR Acc
LU1681045370 · AEEM
AmundiSyntheticLU0.20%20
Amundi MSCI Emerging Markets Swap II UCITS ETF EUR Acc
FR0010429068 · LYXLEM
AmundiSyntheticFR0.55%55
Amundi MSCI Emerging Markets Swap II UCITS ETF USD Acc
FR0010435297 · LYLEM
AmundiSyntheticFR0.55%55

Distributing · synthetic replication

1 fund · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist
LU2573966905 · CBMEM
AmundiSyntheticLU0.14%14

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Figures verified on 6 September 2026 against issuer publications.

Ongoing charge (TER) only. Spread, tracking difference, securities lending and broker fees are not included, and a different fund domicile can change the dividend withholding tax leaking out of the fund. Educational information, not investment advice. We carry no affiliate links and no sponsored placements.