VWO vs EIMI: Differences, Fees and Returns
VWO is cheaper: it charges 0.06% a year against 0.18% for EIMI. That is €12 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 €8,426.
They do not track the same thing: VWO follows the FTSE Emerging Markets All Cap China A Inclusion Index and EIMI the MSCI Emerging Markets IMI. Any difference in returns will come mainly from that exposure, not from the fee.
VWO is a US-domiciled ETF that EU brokers do not sell to retail investors under PRIIPs rules; EIMI is the UCITS alternative you can buy.
Head-to-head comparison
| VWO | EIMI | |
|---|---|---|
| Name | Vanguard FTSE Emerging Markets ETF | iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) |
| Provider | Vanguard | iShares |
| Index | FTSE Emerging Markets All Cap China A Inclusion Index | MSCI Emerging Markets IMI |
| TER | 0.06% | 0.18% |
| Type | ETF | ETF |
| Domicile | United States | Ireland |
| Dividends | Distributing | Accumulating |
| Launch date | March 4, 2005 | May 30, 2014 |
| Fund size | $168B | €39.5B |
| ISIN | — | IE00BKM4GZ66 |
| Available to EU retail investors | No | Yes |
| Tax-free switch (Spain) | No | No |
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Frequently Asked Questions
VWO is cheaper: it charges 0.06% a year against 0.18% for EIMI. That is €12 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 €8,426. They do not track the same thing: VWO follows the FTSE Emerging Markets All Cap China A Inclusion Index and EIMI the MSCI Emerging Markets IMI. Any difference in returns will come mainly from that exposure, not from the fee.
VWO (ETF) tracks the FTSE Emerging Markets All Cap China A Inclusion Index with a 0.06% TER; EIMI (ETF) tracks the MSCI Emerging Markets IMI with a 0.18% TER.
EIMI, yes. VWO is domiciled in the US and, because it publishes no PRIIPs key information document, European brokers do not offer it to retail clients.