Vanguard Emerging Markets Stock Index Fund EUR Acc vs EIMI: Differences, Fees and Returns
EIMI is cheaper: it charges 0.18% a year against 0.23% for Vanguard Emerging Markets Stock Index Fund EUR Acc. That is €5 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €3,437.
They do not track the same thing: Vanguard Emerging Markets Stock Index Fund EUR Acc follows the MSCI Emerging Markets and EIMI the MSCI Emerging Markets IMI. Any difference in returns will come mainly from that exposure, not from the fee.
Key tax difference in Spain: Vanguard Emerging Markets Stock Index Fund EUR Acc is a mutual fund and can be switched without tax, whereas EIMI is an ETF and every sale is taxed.
Head-to-head comparison
| Vanguard Emerging Markets Stock Index Fund EUR Acc | EIMI | |
|---|---|---|
| Name | Vanguard Emerging Markets Stock Index Fund EUR Acc | iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) |
| Provider | Vanguard | iShares |
| Index | MSCI Emerging Markets | MSCI Emerging Markets IMI |
| TER | 0.23% | 0.18% |
| Type | Switchable fund | ETF |
| Domicile | Ireland | Ireland |
| Dividends | Accumulating | Accumulating |
| Launch date | February 27, 2014 | May 30, 2014 |
| Fund size | €19.1B | €39.5B |
| ISIN | IE0031786696 | IE00BKM4GZ66 |
| Available to EU retail investors | Yes | Yes |
| Tax-free switch (Spain) | Yes | No |
Keep researching
- Full Vanguard Emerging Markets Stock Index Fund EUR Acc profile →
- Full EIMI profile →
- Compare the tax treatment of a switchable fund and an ETF →
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Frequently Asked Questions
EIMI is cheaper: it charges 0.18% a year against 0.23% for Vanguard Emerging Markets Stock Index Fund EUR Acc. That is €5 less a year per 10,000 invested; over a plan of 10,000 up front plus 200 a month for 30 years, the accumulated cost gap comes to about €3,437. They do not track the same thing: Vanguard Emerging Markets Stock Index Fund EUR Acc follows the MSCI Emerging Markets and EIMI the MSCI Emerging Markets IMI. Any difference in returns will come mainly from that exposure, not from the fee.
Vanguard Emerging Markets Stock Index Fund EUR Acc (Switchable fund) tracks the MSCI Emerging Markets with a 0.23% TER; EIMI (ETF) tracks the MSCI Emerging Markets IMI with a 0.18% TER.
Yes. Both are UCITS products sold to retail investors across the EU. ETFs are bought through brokers with access to European exchanges, and mutual funds through banks and fund platforms.