Cheapest MSCI Europe ex-UK Net Total Return ETF

Europe ex-UK · Europe · equity

3 UCITS ETFs in our catalogue track MSCI Europe ex-UK Net Total Return. The lowest ongoing charge is 0.20% a year, from INVESCO MSCI EUROPE EX-UK (IE00BYX5K108). Ongoing charges across all 3 funds range from 0.20% to 0.40%.

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.

Distributing · physical replication

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

FundIssuerReplicationDomicileTERPer €10,000
iShares MSCI Europe ex-UK UCITS ETF
IE00B14X4N27 · IEUX
iSharesPhysicalIE0.40%40
iShares MSCI Europe ex-UK GBP Hedged UCITS ETF (Dist)
IE00BVDPJP67 · EUXS
iSharesPhysicalIE0.40%40

Accumulating · synthetic replication

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

FundIssuerReplicationDomicileTERPer €10,000
INVESCO MSCI EUROPE EX-UK
IE00BYX5K108 · MXUK LN
InvescoSyntheticIE0.20%20

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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.