Cheapest MSCI Europe Net Total Return ETF

European Equity Broad · Europe · equity

41 UCITS ETFs in our catalogue track MSCI Europe Net Total Return. The lowest ongoing charge is 0.06% a year, from UBS Core MSCI Europe UCITS ETF EUR dis (LU0446734104). Ongoing charges across all 41 funds range from 0.06% to 0.25%.

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

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

FundIssuerReplicationDomicileTERPer €10,000
BNP PARIBAS EASY ESG ENHANCED EUROPE
LU2881684745 · AEUSE
BNPParibasPhysicalLU0.08%8
HSBC MSCI EU ETF EUR ACC
IE000ZQOIPB1 · HMEA
HSBCPhysicalIE0.10%10
Vanguard FTSE Developed Europe UCITS ETF
IE00BK5BQX27 · VEUA
VanguardPhysicalIE0.10%10
iShares MSCI Europe CTB Enhanced ESG UCITS ETF
IE00BHZPJ783 · EDM6
iSharesPhysicalIE0.12%12
Amundi MSCI Europe Screened UCITS ETF Acc
LU3086388124 · EUSC
AmundiPhysicalLU0.12%12
Amundi Core MSCI Europe UCITS ETF Acc
LU1437015735 · CEU2
AmundiPhysicalLU0.12%12
Amundi MSCI Europe ESG Broad Transition UCITS ETF DR - EUR (C)
LU1681042609 · CEU
AmundiPhysicalLU0.12%12
iShares Core MSCI Europe UCITS ETF
IE000MAO75G5 · CEBZ
iSharesPhysicalIE0.12%12
iShares MSCI Europe Climate Transition Aware UCITS ETF
IE000U3XZQN5 · ECTA
iSharesPhysicalIE0.12%12
iShares Core MSCI Europe UCITS ETF EUR (Acc)
IE00B4K48X80 · SMEA
iSharesPhysicalIE0.12%12
iShares MSCI Europe Screened UCITS ETF
IE00BFNM3D14 · SAEU
iSharesPhysicalIE0.12%12
BNP PARIBAS EASY MSCI EUROPE SRI PAB
LU1753045332 · SRIEC
BNPParibasSampledLU0.13%13
BNP PARIBAS EASY ALPHA ENHANCED EUROPE
LU2993402101 · QEUR
BNPParibasPhysicalLU0.13%13
Amundi MSCI Europe ESG Broad Transition UCITS ETF EUR Hedged Acc (C)
LU2873560481 · CEUH
AmundiPhysicalLU0.14%14
HSBC MSCI EUROPE CLIMATE PAR
IE00BP2C0316 · HPAE
HSBCPhysicalIE0.15%15
Amundi MSCI Europe Climate Paris Aligned UCITS ETF Acc
LU2130768844 · LWCE
AmundiPhysicalLU0.15%15
iShares MSCI Europe Paris-Aligned Climate UCITS ETF
IE00BL6K8C82 · EUPB
iSharesPhysicalIE0.15%15
1VZ MSCI EUROPE ESG PARIS A
IE000TI21P14 · PAUE GY
InvescoPhysicalIE0.16%16
iShares Core MSCI Europe UCITS ETF
IE00BL4KKW48 · IMEAX
iSharesPhysicalIE0.17%17
Amundi MSCI Europe SRI Climate Paris Aligned UCITS ETF DR (C)
LU1861137484 · EUSRI
AmundiPhysicalLU0.18%18
iShares MSCI Europe SRI UCITS ETF
IE00B52VJ196 · IESG
iSharesPhysicalIE0.20%20
iShares MSCI Europe SRI UCITS ETF
IE00BMDBMG37 · IDSE
iSharesPhysicalIE0.20%20
X MSCI EU ESG 1C
IE00BFMNHK08 · XZEU LN
XtrackersPhysicalIE0.20%20
Amundi MSCI Europe ESG Selection UCITS ETF Acc
LU1940199711 · ESGE
AmundiPhysicalLU0.20%20
Amundi MSCI Europe UCITS ETF Acc
FR0010261198 · LYY5
AmundiPhysicalFR0.25%25

Distributing · physical replication

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

FundIssuerReplicationDomicileTERPer €10,000
UBS Core MSCI Europe UCITS ETF EUR dis
LU0446734104 · EUREUA
UBSPhysicalLU0.06%6
Amundi MSCI Europe Action UCITS ETF Dist
LU2608817958 · AE5B
AmundiPhysicalLU0.09%9
HSBC MSCI EUROPE UCITS ETF
IE00B5BD5K76 · HMEU
HSBCPhysicalIE0.10%10
Vanguard FTSE Developed Europe UCITS ETF
IE00B945VV12 · VEUR
VanguardPhysicalIE0.10%10
iShares MSCI Europe CTB Enhanced ESG UCITS ETF
IE00BHZPJ676 · EEUD
iSharesPhysicalIE0.12%12
iShares MSCI Europe Climate Transition Aware UCITS ETF
IE000ZQF1PE1 · ECTD
iSharesPhysicalIE0.12%12
Amundi Core MSCI Europe UCITS ETF Dist
LU1737652310 · 10AI
AmundiPhysicalLU0.12%12
Amundi MSCI Europe ESG Broad Transition UCITS ETF DR - EUR (D)
LU2678230652 · CEUE
AmundiPhysicalLU0.12%12
iShares Core MSCI Europe UCITS ETF
IE00B1YZSC51 · IMEU
iSharesPhysicalIE0.12%12
iShares MSCI Europe Screened UCITS ETF
IE00BFNM3F38 · SDUE
iSharesPhysicalIE0.12%12
BNP PARIBAS EASY MSCI EUROPE SRI PAB
LU1753045415 · SRIE
BNPParibasSampledLU0.13%13
iShares MSCI Europe Paris-Aligned Climate UCITS ETF
IE000HH3SU50 · EPAD
iSharesPhysicalIE0.15%15
Amundi MSCI Europe SRI Climate Paris Aligned UCITS ETF DR (D)
LU2059756598 · ESDU
AmundiPhysicalLU0.18%18
iShares MSCI Europe SRI UCITS ETF
IE00BGDPWW94 · ISED
iSharesPhysicalIE0.20%20
iShares MSCI Europe SRI UCITS ETF
IE000CR424L6 · CBUD
iSharesPhysicalIE0.23%23

Accumulating · synthetic replication

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

FundIssuerReplicationDomicileTERPer €10,000
INVESCO MSCI EUROPE
IE00B60SWY32 · SMSEUR GY
InvescoSyntheticIE0.19%19

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Figures verified on 7 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.

Cheapest MSCI Europe Net Total Return ETF — all 41 UCITS funds compared