iShares Core MSCI Europe UCITS ETF EUR (Acc) is an index product from iShares that tracks the MSCI Europe index. It is domiciled in Ireland and complies with UCITS rules, so it can be sold to retail investors across the EU.

IMAE has a TER of 0.12% a year, taken daily from the fund's value. With €10,000 invested that is about €12 a year. Your broker or bank may add dealing or custody fees.

Can IMAE be switched without paying tax?

No. ETFs are excluded from the tax-free switching regime, so to change product you must sell and pay tax on the gain. If you want to be able to switch, look for an index mutual fund on the same index.

Does IMAE pay dividends?

No. It is accumulating: dividends are reinvested inside the fund and you pay no tax on them until you sell.

European equities · ETF

IMAE — iShares Core MSCI Europe UCITS ETF EUR (Acc)

ISIN IE00B4K48X80

iShares Core MSCI Europe UCITS ETF EUR (Acc) is a UCITS ETF from iShares that tracks the MSCI Europe index. It charges a 0.12% TER a year (about €12 for every €10,000 invested), is accumulating and is domiciled in Ireland.

TER (ongoing charges): 0.12%
Type: ETF
Dividends: Accumulating
Approximate fund size: €15.8B

What does it cost?

A 0.12% TER costs about €12 a year for every €10,000 invested. It sounds small, but it compounds: in a plan of €10,000 up front plus €200 a month for 30 years at 7% a year before costs, it trims the final pot by about €8,553 compared with a fund that charged nothing.

Project your investment in IMAE with the calculator →

Tax in Spain

IMAE is an ETF, so it cannot be switched tax-free: if you sell it to change product, the gain is taxed that year in the savings band of Spanish income tax (19% to 30%). As long as you do not sell, growth is not taxed.

Work out the tax on a sale and compare fund versus ETF →

Key facts

ISIN: IE00B4K48X80
Tickers: IMAE, EUNK, SMEA
Provider: iShares
Index: MSCI Europe
Type: ETF
TER (ongoing charges): 0.12%
Dividends: Accumulating
Domicile: Ireland
Replication: Physical, sampling
Currency hedged: No
Launch date: September 25, 2009
Approximate fund size: €15.8B
Tax-free switch (Spain): No

Alternatives in European equities

SXRTEURO STOXX 500.10%

Comparisons

IMAE vs SXRT

US equivalent: VGK. US-domiciled ETFs are not available to EU retail investors (PRIIPs rules).

Frequently Asked Questions

Figures checked on September 30, 2026 against justETF and Finect/Morningstar. Always confirm them in the provider's key information document (KID) before investing.