Vanguard FTSE All-World UCITS ETF (USD) Accumulating is an index product from Vanguard that tracks the FTSE All-World index. It is domiciled in Ireland and complies with UCITS rules, so it can be sold to retail investors across the EU.

VWCE has a TER of 0.14% a year, taken daily from the fund's value. With €10,000 invested that is about €14 a year. Your broker or bank may add dealing or custody fees.

Can VWCE 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 VWCE pay dividends?

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

Global equities · ETF

VWCE — Vanguard FTSE All-World UCITS ETF (USD) Accumulating

ISIN IE00BK5BQT80

Vanguard FTSE All-World UCITS ETF (USD) Accumulating is a UCITS ETF from Vanguard that tracks the FTSE All-World index. It charges a 0.14% TER a year (about €14 for every €10,000 invested), is accumulating and is domiciled in Ireland.

TER (ongoing charges): 0.14%
Type: ETF
Dividends: Accumulating
Approximate fund size: €52.9B

What does it cost?

A 0.14% TER costs about €14 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 €9,954 compared with a fund that charged nothing.

Project your investment in VWCE with the calculator →

Tax in Spain

VWCE 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: IE00BK5BQT80
Tickers: VWCE
Provider: Vanguard
Index: FTSE All-World
Type: ETF
TER (ongoing charges): 0.14%
Dividends: Accumulating
Domicile: Ireland
Replication: Physical, sampling
Currency hedged: No
Launch date: July 23, 2019
Approximate fund size: €52.9B
Tax-free switch (Spain): No

Alternatives in Global equities

Fidelity MSCI World Index Fund EUR P AccMSCI World0.10%
XDWDMSCI World0.12%
iShares Developed World Index Fund (IE) D Acc EURMSCI World0.12%
SPYIMSCI ACWI IMI0.17%
Vanguard Global Stock Index Fund EUR AccMSCI World0.18%
IWDAMSCI World0.20%
IUSQMSCI ACWI0.20%
Amundi Index MSCI World AE-CMSCI World0.30%

Comparisons

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.