iShares MSCI EM ex China UCITS ETF USD (Acc) (IXSRF), issued by iShares VII plc and managed by BlackRock, seeks to track the performance of the MSCI Emerging Markets ex China Index, which comprises large- and mid-capitalization stocks across emerging market countries excluding China; the fund employs a physical replication methodology, holding approximately 618-643 securities with top holdings including Taiwan Semiconductor Manufacturing Company Limited, iShares MSCI Brazil UCITS ETF, Samsung Electronics Co Ltd, SK Hynix Inc, and HDFC Bank Ltd; it features an accumulating distribution policy, a total expense ratio of 0.18%, and is listed on multiple exchanges including London Stock Exchange (EXCS), Euronext Amsterdam (EXCH), Xetra (84X0), Borsa Italiana, and SIX Swiss Exchange.
The ETF, domiciled in Ireland and launched on April 26, 2021, provides investors with exposure to diversified emerging market equities outside China, targeting institutional and retail investors seeking unhedged currency risk in USD-denominated assets; it operates across global emerging markets in regions such as Asia (e.g., Taiwan, South Korea, India), Latin America (e.g., Brazil, Mexico), and others, with net assets exceeding USD 3.5 billion as of late 2025.
Recent developments include significant assets under management growth to approximately USD 3.9 billion, new listings such as on Borsa Italiana in October 2024 and Xetra in November 2023, and an updated prospectus for iShares VII plc in October 2024 to support launches of complementary products like iShares NASDAQ 100 ex-Top 30 UCITS ETF and iShares S&P 500 Top 20 UCITS ETF; BlackRock also introduced a distributing share class (IE000W8RYVC0, EXCD) in May 2024 and expanded EM ex-China offerings with an ASX listing (EMXC) in June 2024 to enhance investor flexibility amid supply chain shifts favoring countries like India, Mexico, and Brazil.