What is 'MSCI EMU Index'

The MSCI EMU Index is a market capitalization weighted index maintained by Morgan Stanley Capital International (MSCI). The MSCI EMU index is an equity index which tracks the largest companies from the Eurozone.


The MSCI EMU index includes about 248 (as of the end of 2017) constituents, which represents approximately 85 percent of the total market capitalization of the Eurozone. As of June 2008, the MSCI EMU Index consisted of stocks in the following 11 developed-market countries: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Portugal and Spain. The index contains almost 300 stocks and represents about 85 percent of the market capitalization in these specific countries.

France holds the largest share of companies in the MSCI EMU with 32.80 percent of the index, followed by Germany with 30.19 percent and the Netherlands with 10.96 percent. In terms of industry makeup, the MSCI EMU index shows a tilt towards financials services 20.27 percent, industrials at 15.18 percent and consumer discretionary with 13.85 percent.

Investing in the MSCI EMU in U.S. Markets

For those who wish to invest in the MSCI EMU in the U.S., the iShares MSCI EMU Index Fund is designed to follow the price and yield performance of publicly traded securities in the aggregate in the European Monetary Union (EMU) markets, as measured by the MSCI EMU Index. The MSCI EMU Index seeks to measure the performance of the equity market of the EMU member countries, which includes those members of the European Union who have adopted the Euro as its currency. The Index is a capitalization-weighted index that aims to capture 85 percent of the publicly available total market capitalization. Component companies are adjusted for available float and must meet objective criteria for inclusion in the Index. The MSCI EMU Index is reviewed quarterly. The MSCI EMU Index Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the index. The Fund’s investment advisor is Barclays Global Fund Advisors.

The iShares MSCI EMU Index Fund started on July 25, 2000. As of April 11, 2018, the iShares MSCI EMU Index Fund is valued at $13,987,790,518, and its price-to-earnings ratio is 14.59. The top 10 companies that are held in the ETF by value include Total SA, Banco Santander SA, SAP, Allianz, Bayer AG, Siemen N NG, LVMH Moet Hennessy Louis Vuitton S, BASF N and Unilever DRC NV.

  1. European Economic and Monetary ...

    The European Economic and Monetary Union (EMU) combined the European ...
  2. The Morgan Stanley Capital International ...

    The Morgan Stanley Capital International All Country World Index ...
  3. Optimal Currency Area

    An optimal currency area is the geographic area in which a single ...
  4. EAFE Index

    The EAFE Index is a stock index that serves as a performance ...
  5. MSCI KLD 400 Social Index

    The MSCI KLD 400 Social Index includes 400 socially conscious ...
  6. Indexing

    In the financial markets, indexing can be used as a statistical ...
Related Articles
  1. Investing

    A-Shares Finally Earn MSCI Promotion

    China A-shares earned the coveted promotion to be included in MSCI's international benchmark.
  2. Investing

    iShares in Top Spot for Fastest Growing ETFs (BLK, IGG)

    Discover seven of the fastest-growing funds in the iShares family of ETFs, all ranking among the industry's 10 fastest-growing funds overall in early 2016.
  3. Investing

    Charles Schwab Lays Out Why Stocks May Not Be Overvalued

    Stocks may have high valuations, but from a P/E perspective, they may have more room for growth, says Charles Schwab's Jeffrey Kleintop.
  4. Investing

    5 Popular Europe ETFs in 2016 (HEDJ, VGK)

    Discover why investors are considering Europe ETFs for their portfolios, and learn more about five of the most popular Europe ETFs for 2016.
  5. Investing

    5 Popular European Country ETFs in 2016 (EWG, BAYRY)

    Discover the investment strategies available in five popular European country ETFs for 2016, measured by assets under management, including access to different currencies and economies.
  6. Investing

    The 3 Best ETFs to Short Emerging Markets Equities (EUM, EEM)

    Discover the emerging markets equity asset class, and learn about three different ETFs you can use to get varying amounts of short exposure to it.
  7. Investing

    Looking to Invest in Europe Equities? Try These 6 ETFs

    Despite geopolitical challenges, Europe’s economic strength is vast – ETFs provide interesting options for investors to increase equity exposure.
  8. Investing

    The Top 3 ETFs For Investing in Spain (QESP, SAN)

    Discover three of the most widely traded exchange traded funds (ETFs) that offer investors exposure to major companies in the economy of Spain.
  9. Investing

    MSCI Decision Could Affect This ETF

    Another country could be affected in a big way by Tuesday's MSCI announcement.
  10. Investing

    Europe ETF Resurgence Has Durability

    The rally in Europe ETFs could still be in the early innings.
  1. How can I calculate the tracking error of an ETF or indexed mutual fund?

    Understand what tracking error for index ETFs or mutual funds is, and how to calculate it. Learn about the difference it ... Read Answer >>
  2. Can an Index Fund Investor Lose Everything?

    There is almost zero chance that any index fund could ever lose all of its value. Read Answer >>
Hot Definitions
  1. Portfolio

    A portfolio is a grouping of financial assets such as stocks, bonds and cash equivalents, also their mutual, exchange-traded ...
  2. Gross Profit

    Gross profit is the profit a company makes after deducting the costs of making and selling its products, or the costs of ...
  3. Diversification

    Diversification is the strategy of investing in a variety of securities in order to lower the risk involved with putting ...
  4. Intrinsic Value

    Intrinsic value is the perceived or calculated value of a company, including tangible and intangible factors, and may differ ...
  5. Current Assets

    Current assets is a balance sheet item that represents the value of all assets that can reasonably expected to be converted ...
  6. Volatility

    Volatility measures how much the price of a security, derivative, or index fluctuates.
Trading Center