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IWDA

Acc

iShares Core MSCI World UCITS ETF (Accumulating)

0.20%

TER per year

Issuer

BlackRock (iShares)

Index

MSCI World

AUM

~€65B

Domicile

Ireland

Currency

USD

Replication

physical

ISIN

IE00B4L5Y983

Since

2009

Etfora Verdict

The largest and most liquid developed-world ETF in Europe. Slightly cheaper than VWCE and more liquid — the trade-off is no emerging markets. Fine as a standalone if you don't want EM exposure; pair with EMIM if you do.

What Is IWDA?

IWDA is one of the largest ETFs in Europe and the standard choice for investors who want developed-market global equities without emerging markets exposure. ~1,500 stocks across 23 developed countries. Often used as the core holding in a two-fund portfolio paired with an emerging markets ETF like EMIM.

The MSCI World Index

MSCI World covers large and mid-cap stocks from 23 developed markets — US (~70%), Europe (~20%), Japan (~6%), and others. It explicitly excludes emerging markets like China, India, and Brazil. Despite the name 'World,' it's actually developed-world only.

US equivalent blocked in Europe

URTH (iShares)

Why it works for European investors

  • Largest European ETF by AUM — exceptional liquidity, tight spreads
  • Ireland domicile — 15% US dividend withholding (institutional efficiency)
  • Accumulating — no annual dividend tax event in most European countries
  • Slightly lower TER than VWCE (0.20% vs 0.22%) — modest but real over decades
  • Available on virtually every European broker

Things to know

  • No emerging markets — you are excluded from China, India, Brazil, Taiwan exposure
  • Denominated in USD — your broker converts from EUR, applying an FX fee if applicable
  • EUR-hedged version (IWDE) exists but adds cost and introduces tracking error for long-term investors
  • US weighting is even higher than VWCE (~70%) due to EM exclusion

Tax Notes by Country

NL

USD-denominated — Trading 212 charges 0.15% FX; DEGIRO 0.25%. Buy EUR-class if available.

DE

Qualifies for 30% Teilfreistellung as equity ETF.

FR

Not PEA eligible. Equivalent exposure via synthetic ETFs is available for PEA.

Not tax advice. Verify with a local tax adviser for your specific situation.

Available On

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Alternatives to Consider

VWCEVanguard FTSE All-World0.22% TER

Includes emerging markets. Slightly higher cost. Different index provider.

SWRDSPDR MSCI World UCITS ETF0.12% TER

Same index (MSCI World), lower cost. Much smaller AUM — less liquid.

XDWDXtrackers MSCI World Swap UCITS ETF0.19% TER

Synthetic replication. Can be more tax-efficient in some jurisdictions.

Find the right broker for IWDA

Check which brokers offer IWDA in your country and at what cost.

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Data based on publicly available information. TER and AUM figures are approximate. Verify current fund data at the issuer's website before investing.