European stocks (no UK)
Continental Europe only: same big companies as the broader Europe fund but with all UK names removed. Germany, France and Switzerland dominate. Useful if you want to control your UK weighting separately.
Returns shown in USD (your base currency). Past performance is not a reliable guide to future results.
- Pure continental Europe: no UK overlap
- Heavy in quality industrials and pharma
- Pairs well with a separate UK fund for fine control
- Slightly pricier (0.40%) than the all-Europe version
- Pays dividends out: no auto-reinvest
- Europe's growth has been sluggish for years
About this fund
MSCI Europe ex-UK - useful when paired with ISF.L for explicit UK weighting control. Distributing share class.
Available on Interactive Brokers
Low-cost access to European stocks (no UK) and 10,000+ funds worldwide.
Frequently asked questions
Is IEUX.L accumulating or distributing?
iShares MSCI Europe ex-UK UCITS ETF (IEUX.L) is a distributing ETF, so it pays its dividends out to you as cash, usually a few times a year. If you would rather have dividends reinvested automatically, look for an accumulating share class of the same index.
What is the annual fee (TER) for IEUX.L?
IEUX.L has a total expense ratio (TER) of 0.40% per year. On a $10,000 holding that is roughly $40 a year, charged inside the fund rather than billed to you separately. A lower fee leaves more of the return compounding for you over time.
Can I buy IEUX.L on Interactive Brokers?
Yes. IEUX.L trades on LSE, GBp and is available to investors worldwide through Interactive Brokers (IBKR). IBKR is the most popular way to buy UCITS ETFs because of its low FX conversion cost (around 0.03%) and low trading commissions.
What does IEUX.L invest in?
iShares MSCI Europe ex-UK UCITS ETF (IEUX.L) tracks the MSCI Europe ex-UK. Continental Europe only: same big companies as the broader Europe fund but with all UK names removed. You buy one fund and get the whole basket in a single trade.
Is IEUX.L a UCITS ETF, and where is it domiciled?
Yes, IEUX.L is a UCITS ETF domiciled in Ireland. For non-US investors, Irish-domiciled UCITS ETFs are usually preferred over US-domiciled ones: US dividend withholding tax is 15% under the tax treaty (versus 30% on US-domiciled funds for many non-US investors), and the holdings sit outside US estate tax.
How risky is IEUX.L?
On the TickerCompare 1 to 5 scale, IEUX.L is rated medium risk (3/5), based on how much its price has moved historically. Higher-risk funds can fall further in a downturn, so match the choice to your time horizon and how much volatility you can stomach.