Xetra
Riskitaso
4/7
Morningstar rating
3 stars
Vastuullisuus (SFDR)
6
Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C
Osta-
Myy-
Spreadi %0,28%
Vaihto (EUR)-
Juoksevat kulut0,12%
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,12%
- OmaisuusluokkaOsake
- KategoriaKehittyvät maat osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The aim is for your investment to reflect the performance of the MSCI Total Return Net Emerging Markets Index. To achieve the aim, each Share Class of the Sub-Fund may: - enter into a financial contract (derivative) with Deutsche Bank to swap most subscription proceeds for a return on the relevant Reference Index (a "Funded Swap"); and/or - invest in transferable securities and enter into derivative(s) with one or more Swap Counterparties relating to the transferable securities and the relevant Underlying Asset, in order to obtain the return on the relevant Reference Index (an "Unfunded Swap").
Vastaavan tyyppisiä ETF:iä
Omistukset
Päivitetty 31.8.2026
Jakauma
- Osakkeet100%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
·14.6.I'm new to this Under 'exposure' it says something I don't understand What is it🤔Poistettu·18.6.The ETF uses swaps and derivatives to track MSCI Emerging Markets Net Total Return (NR) USD Index. So it is synthetic and does not own all shares like for ex IS3N
·10.1.Can someone explain the difference between this Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C and Xtrackers MSCI Emerging Markets UCITS ETF 1C?
Trusting Copilot has a correct answer here. This is what it explained: This is actually a very interesting pair to compare, because they look almost identical on the surface, but under the hood they are fundamentally different products. Precisely such nuances you are good at capturing, and here there is a lot to address. --- 🌏 In short: One is physical, the other is synthetic Xtrackers MSCI Emerging Markets UCITS ETF 1C → Physical replication (buys actual shares in the index's companies) Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C → Synthetic replication (uses a derivative—swap—to deliver the index return) --- 🧩 What does this mean in practice? 🔁 1. Replication method | Characteristic | Physical ETF (XMME) | Swap ETF (XMEM) | |---------|-------------------|------------------| | How return is generated | Buys the shares in MSCI EM | Enters into swap with bank that delivers index return | | Actual holdings | Actual EM shares | Can have completely different shares in the portfolio | | Counterparty risk | Low | Higher (the counterparty can fail) | Source: Nordnet for physical ETF, Morningstar for swap ETF. --- 💸 2. Costs - Physical ETF: Total cost 0.18 % - Swap ETF: Net cost typically higher (Morningstar shows 0.49 %) Swap funds are often more expensive because the bank charges for the swap agreement. --- 🎯 3. Tracking error - Swap ETF: Often has lower tracking error, because the bank guarantees the index return. - Physical ETF: Can deviate more from index due to transaction costs, taxes, corporate actions etc. --- 🛡️ 4. Risk | Risk | Physical | Swap | |--------|--------|-------| | Counterparty risk | Minimal | Present (but UCITS-limited) | | Complexity | Low | High | | Regulation | UCITS | UCITS | UCITS rules limit counterparty risk to max 10 %, but it is still a real factor. --- 🧾 5. Tax and dividends Both are accumulating (1C), so no dividend payments. But: - Swap ETF can in some cases provide better tax efficiency because it can avoid withholding tax on dividends through the swap structure. - Physical ETF pays withholding tax on dividends from EM countries. This can give a small advantage to the swap variant in net return. --- 📊 6. What does this mean for you as an investor? Advantages of the swap variant - Low tracking error - Potentially better net return due to tax efficiency - Can be more stable in illiquid markets Disadvantages - Higher costs - Counterparty risk - More complex structure Advantages of the physical variant - Lower costs - Transparent and simple structure - No counterparty risk Disadvantages - Can have higher tracking error - Less tax efficient --- 🧠 What would I consider if I were you? You are analytical and like to optimize — so here are the most important decision points: - Do you want the lowest possible cost? → Physical - Do you want the best possible index accuracy? → Swap - Are you comfortable with derivatives and counterparty risk? → Swap - Do you want maximum transparency? → Physical --- If you want, I can also create a simulation of historical difference in return, or a table showing how the two would be affected by the new Norwegian bond fund rules.
8.2.2025“By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb.”
12.6.2024Anyone knows how is this taxed in Denmark?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,12%
- OmaisuusluokkaOsake
- KategoriaKehittyvät maat osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The aim is for your investment to reflect the performance of the MSCI Total Return Net Emerging Markets Index. To achieve the aim, each Share Class of the Sub-Fund may: - enter into a financial contract (derivative) with Deutsche Bank to swap most subscription proceeds for a return on the relevant Reference Index (a "Funded Swap"); and/or - invest in transferable securities and enter into derivative(s) with one or more Swap Counterparties relating to the transferable securities and the relevant Underlying Asset, in order to obtain the return on the relevant Reference Index (an "Unfunded Swap").
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Omistukset
Päivitetty 31.8.2026
Jakauma
- Osakkeet100%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·14.6.I'm new to this Under 'exposure' it says something I don't understand What is it🤔Poistettu·18.6.The ETF uses swaps and derivatives to track MSCI Emerging Markets Net Total Return (NR) USD Index. So it is synthetic and does not own all shares like for ex IS3N
- ·10.1.Can someone explain the difference between this Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C and Xtrackers MSCI Emerging Markets UCITS ETF 1C?Trusting Copilot has a correct answer here. This is what it explained: This is actually a very interesting pair to compare, because they look almost identical on the surface, but under the hood they are fundamentally different products. Precisely such nuances you are good at capturing, and here there is a lot to address. --- 🌏 In short: One is physical, the other is synthetic Xtrackers MSCI Emerging Markets UCITS ETF 1C → Physical replication (buys actual shares in the index's companies) Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C → Synthetic replication (uses a derivative—swap—to deliver the index return) --- 🧩 What does this mean in practice? 🔁 1. Replication method | Characteristic | Physical ETF (XMME) | Swap ETF (XMEM) | |---------|-------------------|------------------| | How return is generated | Buys the shares in MSCI EM | Enters into swap with bank that delivers index return | | Actual holdings | Actual EM shares | Can have completely different shares in the portfolio | | Counterparty risk | Low | Higher (the counterparty can fail) | Source: Nordnet for physical ETF, Morningstar for swap ETF. --- 💸 2. Costs - Physical ETF: Total cost 0.18 % - Swap ETF: Net cost typically higher (Morningstar shows 0.49 %) Swap funds are often more expensive because the bank charges for the swap agreement. --- 🎯 3. Tracking error - Swap ETF: Often has lower tracking error, because the bank guarantees the index return. - Physical ETF: Can deviate more from index due to transaction costs, taxes, corporate actions etc. --- 🛡️ 4. Risk | Risk | Physical | Swap | |--------|--------|-------| | Counterparty risk | Minimal | Present (but UCITS-limited) | | Complexity | Low | High | | Regulation | UCITS | UCITS | UCITS rules limit counterparty risk to max 10 %, but it is still a real factor. --- 🧾 5. Tax and dividends Both are accumulating (1C), so no dividend payments. But: - Swap ETF can in some cases provide better tax efficiency because it can avoid withholding tax on dividends through the swap structure. - Physical ETF pays withholding tax on dividends from EM countries. This can give a small advantage to the swap variant in net return. --- 📊 6. What does this mean for you as an investor? Advantages of the swap variant - Low tracking error - Potentially better net return due to tax efficiency - Can be more stable in illiquid markets Disadvantages - Higher costs - Counterparty risk - More complex structure Advantages of the physical variant - Lower costs - Transparent and simple structure - No counterparty risk Disadvantages - Can have higher tracking error - Less tax efficient --- 🧠 What would I consider if I were you? You are analytical and like to optimize — so here are the most important decision points: - Do you want the lowest possible cost? → Physical - Do you want the best possible index accuracy? → Swap - Are you comfortable with derivatives and counterparty risk? → Swap - Do you want maximum transparency? → Physical --- If you want, I can also create a simulation of historical difference in return, or a table showing how the two would be affected by the new Norwegian bond fund rules.
- 8.2.2025“By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb.”
- 12.6.2024Anyone knows how is this taxed in Denmark?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,12%
- OmaisuusluokkaOsake
- KategoriaKehittyvät maat osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The aim is for your investment to reflect the performance of the MSCI Total Return Net Emerging Markets Index. To achieve the aim, each Share Class of the Sub-Fund may: - enter into a financial contract (derivative) with Deutsche Bank to swap most subscription proceeds for a return on the relevant Reference Index (a "Funded Swap"); and/or - invest in transferable securities and enter into derivative(s) with one or more Swap Counterparties relating to the transferable securities and the relevant Underlying Asset, in order to obtain the return on the relevant Reference Index (an "Unfunded Swap").
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
- ·14.6.I'm new to this Under 'exposure' it says something I don't understand What is it🤔Poistettu·18.6.The ETF uses swaps and derivatives to track MSCI Emerging Markets Net Total Return (NR) USD Index. So it is synthetic and does not own all shares like for ex IS3N
- ·10.1.Can someone explain the difference between this Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C and Xtrackers MSCI Emerging Markets UCITS ETF 1C?Trusting Copilot has a correct answer here. This is what it explained: This is actually a very interesting pair to compare, because they look almost identical on the surface, but under the hood they are fundamentally different products. Precisely such nuances you are good at capturing, and here there is a lot to address. --- 🌏 In short: One is physical, the other is synthetic Xtrackers MSCI Emerging Markets UCITS ETF 1C → Physical replication (buys actual shares in the index's companies) Xtrackers MSCI Emerging Markets Swap UCITS ETF 1C → Synthetic replication (uses a derivative—swap—to deliver the index return) --- 🧩 What does this mean in practice? 🔁 1. Replication method | Characteristic | Physical ETF (XMME) | Swap ETF (XMEM) | |---------|-------------------|------------------| | How return is generated | Buys the shares in MSCI EM | Enters into swap with bank that delivers index return | | Actual holdings | Actual EM shares | Can have completely different shares in the portfolio | | Counterparty risk | Low | Higher (the counterparty can fail) | Source: Nordnet for physical ETF, Morningstar for swap ETF. --- 💸 2. Costs - Physical ETF: Total cost 0.18 % - Swap ETF: Net cost typically higher (Morningstar shows 0.49 %) Swap funds are often more expensive because the bank charges for the swap agreement. --- 🎯 3. Tracking error - Swap ETF: Often has lower tracking error, because the bank guarantees the index return. - Physical ETF: Can deviate more from index due to transaction costs, taxes, corporate actions etc. --- 🛡️ 4. Risk | Risk | Physical | Swap | |--------|--------|-------| | Counterparty risk | Minimal | Present (but UCITS-limited) | | Complexity | Low | High | | Regulation | UCITS | UCITS | UCITS rules limit counterparty risk to max 10 %, but it is still a real factor. --- 🧾 5. Tax and dividends Both are accumulating (1C), so no dividend payments. But: - Swap ETF can in some cases provide better tax efficiency because it can avoid withholding tax on dividends through the swap structure. - Physical ETF pays withholding tax on dividends from EM countries. This can give a small advantage to the swap variant in net return. --- 📊 6. What does this mean for you as an investor? Advantages of the swap variant - Low tracking error - Potentially better net return due to tax efficiency - Can be more stable in illiquid markets Disadvantages - Higher costs - Counterparty risk - More complex structure Advantages of the physical variant - Lower costs - Transparent and simple structure - No counterparty risk Disadvantages - Can have higher tracking error - Less tax efficient --- 🧠 What would I consider if I were you? You are analytical and like to optimize — so here are the most important decision points: - Do you want the lowest possible cost? → Physical - Do you want the best possible index accuracy? → Swap - Are you comfortable with derivatives and counterparty risk? → Swap - Do you want maximum transparency? → Physical --- If you want, I can also create a simulation of historical difference in return, or a table showing how the two would be affected by the new Norwegian bond fund rules.
- 8.2.2025“By periodically investing in an index fund, for example, the know-nothing investor can actually out-perform most investment professionals. Paradoxically, when ‘dumb’ money acknowledges its limitations, it ceases to be dumb.”
- 12.6.2024Anyone knows how is this taxed in Denmark?
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Omistukset
Päivitetty 31.8.2026
Jakauma
- Osakkeet100%