The iShares MSCI EM UCITS ETF (IEMA) is an Ireland-domiciled equity ETF managed by BlackRock through its iShares platform. IEMA represents the fund's USD accumulating share class traded in U.S. dollars on the London Stock Exchange.

The fund seeks to track the MSCI Emerging Markets Index, a benchmark comprising large- and mid-cap companies across markets classified as emerging by MSCI.

IEMA follows a passive investment strategy and uses physical replication. The fund invests directly in equities with the objective of closely tracking the characteristics and performance of its benchmark.

The MSCI Emerging Markets Index covers approximately 85% of the free float-adjusted market capitalization in each country included in the benchmark. Its composition is periodically reviewed to reflect changes in the investable universe and maintain broad representation of emerging equity markets.

Composition / Exposure Profile

IEMA provides exposure to companies across a range of sectors, including:

• Information technology.

• Financials.

• Consumer discretionary.

• Industrials.

• Communication services.

• Materials.

• Consumer staples.

• Energy.

• Health care.

• Utilities.

Geographic exposure spans emerging markets across Asia, Latin America, the Middle East, Africa, and Europe. Countries represented in the benchmark include China, Taiwan, India, South Korea, Brazil, Saudi Arabia, South Africa, Mexico, and Indonesia.

Each market's weight varies according to its representation in the index, which can result in greater concentration in the largest Asian emerging markets. South Korea is included because MSCI classifies the country as an emerging market.

Structure and Costs

The fund and share class have the U.S. dollar as their base currency. On the London Stock Exchange, the share class trades in USD under IEMA and in GBP under SEMA. The ETF has a total expense ratio (TER) of 0.18% per year, uses physical replication, and is domiciled in Ireland. It operates as part of iShares III plc under the UCITS framework.

IEMA follows an accumulating income policy. Dividends received from portfolio companies are therefore reinvested within the fund rather than periodically distributed to shareholders.

History and Evolution of the ETF

The iShares MSCI EM UCITS ETF USD (Acc) was launched in 2009 to provide diversified exposure to emerging equity markets through a single portfolio.

Since its launch, the fund has maintained a passive strategy linked to the MSCI Emerging Markets Index, tracking large- and mid-cap companies across different emerging economies.

Throughout its history, IEMA's performance has reflected emerging-market cycles, economic conditions across the major regions represented in the index, changes in the global monetary environment, and international capital flows.

Additional Information

iShares MSCI EM UCITS ETF USD Acc (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $3.98 billion.

Over the past 12 months, iShares MSCI EM UCITS ETF USD Acc recorded a return of 26.92%, with its price trading between $49.49 and $68.31 during the same period.

The ETF is traded under the ticker IEMA.