iShares MSCI Canada UCITS ETF is a equity ETF from iShares tracking the MSCI Canada index through physical replication. Domiciled in Ireland and launched in 2010, the fund manages about 2.1 bn € and charges a TER of 0.48% — 48 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).
iShares MSCI Canada UCITS ETF competes with 1 other products on the same index (MSCI Canada): it ranks 1st by fund size and 2nd by ongoing cost, with a TER of 0.48% against a group median of 0.42%. It has been listed since 2010, 16 years of track record.
On a €10,000 investment the TER costs 48 € a year. The cheapest of the group is HSBC MSCI Canada UCITS ETF at 0.35%, or 35 € on the same amount: a difference of 13 € every year, roughly 130 € over ten years before compounding.
Replication is physical: the fund holds the underlying securities directly. The ten largest positions account for 44.6% of the portfolio.
Income is accumulated: no distribution is paid out, the share price absorbs it. In a savings plan this removes the need to reinvest dividends by hand. The fund is denominated in EUR. That is not the same as currency risk: the exposure comes from the currencies of the underlying holdings, not from the denomination or the trading currency of a given listing.
Irish domicile lets the fund apply the Ireland–US tax treaty, with 15% withholding instead of 30% on US dividends received by the fund.
| Royal Bank of Canada | 9.7% |
| Toronto Dominion Bank | 6.7% |
| Shopify Inc | 4.7% |
| Bank of Montreal | 4.1% |
| Enbridge Inc | 4.0% |
| Bank of Nova Scotia | 3.6% |
| Canadian Imperial Bank Of Commerce | 3.5% |
| Brookfield Corporation | 2.9% |
| Canadian Natural Resources Ltd | 2.8% |
| Agnico Eagle Mines Limited | 2.6% |
| Borsa Italiana | CSCA | EUR |
| XETRA | SXR2 | EUR |
| Francoforte | SXR2 | EUR |
| London Stock Exchange | CSCA | GBX |
| London Stock Exchange | CCAU | USD |
| SIX Swiss Exchange | CSCA | CAD |
Source: the fund's KID and the issuer's official documentation — data verified as of July 2026.
This page is informational and is not an investment recommendation. Figures may contain errors or be out of date: always check the KID and the issuer's factsheet before any decision.