iShares MSCI ACWI (Acc)

Description

iShares MSCI ACWI (Acc) is a equity ETF from iShares tracking the MSCI ACWI index through physical (sampling) replication. Domiciled in Ireland and launched in 2011, the fund manages about 29.6 bn € and charges a TER of 0.20% — 20 € per year on a €10,000 investment. Income is automatically reinvested in the fund (accumulating).

The fund in context

iShares MSCI ACWI (Acc) competes with 3 other products on the same index (MSCI ACWI): it ranks 1st by fund size and 2nd by ongoing cost, with a TER of 0.20% against a group median of 0.20%. It has been listed since 2011, 15 years of track record — the oldest in its comparison group.

On a €10,000 investment the TER costs 20 € a year. The cheapest of the group is State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc) at 0.12%, or 12 € on the same amount: a difference of 8 € every year, roughly 80 € over ten years before compounding.

Replication is physical by sampling: the fund holds a representative subset chosen to track the index while containing transaction costs — standard practice on very broad indices.

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 USD. 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.

Stock exchange listings

Compare with similar ETFs

• ACWE — State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc) 0.12%
• SPP2 — SPDR® MSCI ACWI UCITS ETF USD Acc USD 0.45%
• ISAD — ISHARES MSCI ACWI UCITS ETF 0.20%
• VWCE — Vanguard FTSE All-World (Acc) 0.22%

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