New
Trackinsight is part of ETF One, the fully integrated ETF platform of Kepler Cheuvreux. Learn more →
Help us improve your experience. Please confirm your investor type:
ETF What's Up
Don’t Miss a Move in the ETF Market
Sign up and keep track of everything that moved the ETF industry this week. From new launches to regulatory shifts across the Atlantic.
ERO ETF · State Street SPDR MSCI Europe UCITS ETF
The ERO Exchange Traded Fund (ETF) is provided by SPDR. It is built to track an index: MSCI Europe Index. The ERO ETF provides physical exposure, so by buying it you actually own parts of all the 404 underlying holdings. The dividend policy is capitalization.
Last update Today at 8:00 AM UTC
LIVE
CLOSED
This fund is part ofEurope Large and Mid Cap1M perf.-5.96%
Last price
€374.16
1M perf.
-2.70%
1M flows
+€4.2M
AuM
€382M
E/R
0.08%
Rating
ESG Consensus®
ERO
€374.16
Performance & flows
Segment for quartile rank
December 11, 2025 → March 11, 2026
Create a free account to view the flows graph
ERO
€375.29
+3.92%
Europe Large and Mid Cap
+1.15%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.70%  | +3.92% | +14.96%  | +47.13% | +63.65%  | -4.83% | +2.12% | +2.12% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/11/2026
€375.30
1D NAV change
-0.58%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
404
Inception date
12/5/2014
Jurisdiction
Ireland
Distribution
Spain
Switzerland
Austria
Sweden
Ireland
Legal structure
Open-end Investment Company
Base currency
EUR
Classification
Investment strategy
State Street SPDR MSCI Europe UCITS ETF is an exchange-traded fund incorporated in Ireland. The Fund's objective is to match the performance of the European stock market as measured by the MSCI Europe Index. The return is achieved through the purchasing of securities in line with the weightings of the underlying index. The fund is eligible for the PEA. The MSCI Europe (total return) index tracks the leading stocks from 15 European industrial countries.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
Create a free Trackinsight Essentials account to unlock insights
Access exclusive metrics and features to support your investment decisions.
Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
Upload your own internal metrics
Custom data feature
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSimilar ETFs
EL42
1M perf.
-1.98%
E/R
0.3%
HMEU
1M perf.
-2.70%
E/R
0.1%
EUREUA
1M perf.
-2.70%
E/R
0.06%
XMEU
1M perf.
-5.11%
E/R
0.12%
SMEA
1M perf.
-2.70%
E/R
0.12%
Advertisement
Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +3.92% | +14.96% | +47.13%  | +63.65% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
Create a free account to view risk/return table
Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
Built for professionals: access exclusive risk metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
United Kingdom
22.01%
Switzerland
14.42%
France
14.22%
Germany
14.17%
Netherlands
10.05%
Spain
5.73%
Sweden
5.14%
Italy
4.35%
Denmark
3.01%
Other
6.90%
Sectors
Financials
23.05%
Industrials
18.47%
Health Care
11.16%
Information Technology
8.26%
Consumer Staples
7.73%
Consumer Discretionary
7.51%
Utilities
4.78%
Materials
4.66%
Unavailable
6.05%
Other
8.36%
Diversification
Total weight of top 15 holdings out of 404
Top 15 holdings
Data as of January 31, 2026
ASML HOLDING
ROCHE
HSBC HOLDINGS
ASTRAZENECA
NOVARTIS
NESTLE SA
SIEMENS
SHELL PLC
Create a free account to view top holdings
SAP SE
BANCO SANTANDER SA
DK0062498333
ALLIANZ SE
LVMH MOET HENNESSY LOUIS VUITT
SCHNEIDER ELECTRIC SE
UBS GROUP AG
Create a free account to view top holdings
Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about ERO ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
ERO’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
68.06% of holdings have positive scoring
31.94% of holdings have negative scoring
6.00%
43.83%
18.23%
7.34%
17.42%
7.18%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Europe Net Total Return Index - EUR
Index ticker
M7EU Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
SPDR
SPDR ID Card
Number of funds
369
Total AuM
€1.76T
Expense ratio range
0.02% - 0.9%
Average expense ratio
0.2585%
Top 5 funds by SPDR
| AuM | ||
|---|---|---|
SPY | SPDR S&P 500 ETF Trust | €581.31B |
GLD | SPDR Gold Shares ETF | €155.44B |
SPYM | State Street SPDR Portfolio S&P 500 ETF | €92.36B |
XLK | State Street Technology Select Sector SPDR ETF | €77.06B |
XLF | State Street Financial Select Sector SPDR ETF | €40.38B |
Frequently asked questions about ERO
What does State Street SPDR MSCI Europe UCITS ETF, ERO, invest in?
ERO is a Passive ETF. This ETF provides exposure to Large and Mid-Cap European Equities.
Which benchmark or index does ERO replicate?
ERO tracks the MSCI Europe Net Total Return Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of ERO?
ERO carries a total expense ratio (TER) of 0.08%, indicating the annual cost for holding the fund.
When was ERO launched?
ERO was introduced to the market on December 5, 2014. It trades on Spain, among other exchanges
Who is the ETF issuer of ERO?
State Street SPDR MSCI Europe UCITS ETF, ERO, is provided by SPDR. Learn more about SPDR here.
What is the current assets under management (AUM) of ERO?
ERO oversees €382M in assets as of March 11, 2026.
How has ERO performed lately?
Based on data from March 11, 2026, ERO returned -2.70% over the past month, 3.92% over the last three months and 2.12% year-to-date.
What are the latest inflows or outflows for ERO?
As of March 11, 2026, ERO recorded net flows of +€4.2M over the last month and +€4.2M year-to-date.
Does ERO distribute dividends?
ERO follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of ERO?
As of January 31, 2026, ERO has significant geographic allocations in United Kingdom, Switzerland and France.
In which sector or theme does ERO invest in?
As of January 31, 2026, ERO focuses largely on Financials, Industrials and Health Care.
How many securities does ERO hold and how diversified is it?
As of January 31, 2026, ERO holds 404 positions in its portfolio, with 25.93% of assets concentrated in its top 15 holdings.
What are the main positions in ERO?
As of January 31, 2026, ERO top three holdings include ASML HOLDING, ROCHE and HSBC HOLDINGS.
What is the base currency of ERO?
The base currency of ERO is EUR.
Advertisement
About Trackinsight
Since our founding in 2016, we have been at the forefront of the industry, delivering accessible, comprehensive, and reliable tools to support the evolving needs of investors.
Over the past decade, Trackinsight has expanded its operations across six countries, serving thousands of professional investors. We’ve consistently innovated to provide cutting-edge solutions that meet the changing demands of the ETF market.
In 2024, Kepler Cheuvreux, a leading independent European financial services firm, acquired a majority stake in Trackinsight, becoming the company's principal shareholder.
This strategic partnership solidifies Trackinsight's position as a premier provider of ETF selection and analysis tools, while strengthening Kepler Cheuvreux’s commitment to becoming a leading player in the ETF sector.
Together, we are committed to offering advanced services that empower professional investors, advisors, institutions, and issuers. This new step enables us to deliver even more comprehensive and innovative technological solutions, driving ETF investing to new heights.
More about TrackinsightETF TOOLS
PLATFORM
ETF NEWS & RESEARCH
© 2014-2026 Trackinsight SA. All rights reserved.
Privacy policy | Cookie policy | | Terms of use | Imprint
Privacy policy | Cookie policy | | Terms of use | Imprint
