The iShares Core MSCI Emerging Markets IMI UCITS ETF USD (Acc) (EMIM) is an Ireland-domiciled equity ETF managed by BlackRock and traded on the London Stock Exchange.

The fund seeks to track the performance of the MSCI Emerging Markets Investable Market Index (IMI), a benchmark composed of large-, mid-, and small-cap companies across emerging markets.

EMIM provides broad exposure to emerging-market equities, holding companies across different market-cap segments, countries, and sectors. The ETF follows a passive investment strategy and uses physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The MSCI Emerging Markets IMI covers 24 emerging markets and represents approximately 99% of the free float-adjusted market capitalization in each country. By including small caps in addition to large- and mid-cap companies, the index provides broader representation of the investable equity universe across emerging markets.

Composition / Exposure Profile

EMIM holds companies across a broad range of emerging-market sectors, including:

• Information technology.

• Financials.

• Consumer discretionary.

• Communication services.

• Industrials.

• Consumer staples.

• Materials.

• Energy.

• Health care.

• Utilities.

• Real estate.

Markets represented in the index include China, Taiwan, India, South Korea, Brazil, Saudi Arabia, South Africa, Mexico, and Indonesia. Individual country weights change over time according to the free float-adjusted market capitalization of eligible companies.

The inclusion of large-, mid-, and small-cap companies broadens EMIM's exposure within each market, allowing the portfolio to capture segments that are not represented in emerging-market benchmarks limited to large and mid caps.

Structure and Costs

EMIM has the U.S. dollar as both its fund base currency and share class currency and is traded on the London Stock Exchange.

The ETF has a total expense ratio (TER) of 0.18% per year, uses physical replication, and is domiciled in Ireland under the UCITS framework. Its issuing company is iShares plc, and the fund is managed by BlackRock Asset Management Ireland Limited.

EMIM is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The iShares Core MSCI Emerging Markets IMI UCITS ETF USD (Acc) (EMIM) was launched in 2014 to provide broad exposure to emerging-market equities across different market-cap segments.

Since its launch, the fund has maintained a passive strategy linked to the MSCI Emerging Markets Investable Market Index, covering large-, mid-, and small-cap companies across emerging markets.

Throughout its history, the fund's performance has reflected emerging-market economic cycles and factors such as economic growth, global monetary conditions, commodity prices, currency movements, and developments across sectors including technology, consumer industries, and financial services.

Additional Information

iShares Core MSCI Emerging Markets IMI UCITS (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $23.11 billion.

Over the past 12 months, iShares Core MSCI Emerging Markets IMI UCITS recorded a return of 25.44%, with its price trading between $42.55 and $57.75 during the same period.

The ETF is traded under the ticker EMIM.