The MSCI World ETF's Heavy Reliance on Technology Stocks

The iShares Core MSCI World ETF has 26.5% in tech, led by NVIDIA, Apple, and Microsoft. It features a growth-oriented profile, a P/E of 18.73, and a low 0.20% fee.

A significant portion of the iShares Core MSCI World UCITS ETF USD (Acc) is invested in the technology sector, a fact that plays a decisive role in its performance. As of April 2026, tech holdings account for approximately 26.5% of the fund's portfolio, representing its largest single sector allocation. This weighting is a direct result of the market-capitalization methodology employed by the underlying MSCI World Index, which the fund tracks through physical replication.

Portfolio Composition and Key Holdings

A closer look at the ETF's largest individual positions reveals a strong concentration in U.S. technology giants. Leading the pack is NVIDIA, constituting 5.30% of the fund's assets. It is followed by Apple at 4.67% and Microsoft with a 3.27% weighting. Amazon and Alphabet (Google) also feature prominently among the top holdings. Collectively, these few companies represent a substantial share of the total fund.

Beyond technology, the portfolio allocates 16.05% to financial stocks and 11.39% to industrial companies. Defensive sectors, such as consumer staples (5.54%) and utilities (2.83%), are assigned noticeably lower weights. This allocation underscores the fund's clear growth-oriented profile rather than a defensive stance.

Financial Metrics and Fund Structure

The portfolio's valuation metrics indicate a moderately priced growth strategy. It currently trades at a price-to-earnings (P/E) ratio of 18.73 and a price-to-book (P/B) ratio of 3.24. The forecasted earnings growth for the constituent companies stands at 10.74%, compared to a historical figure of 8.63%. These numbers suggest a portfolio that is neither cheap nor excessively valued.

This is an accumulating (Acc) ETF, meaning all dividends and interest are automatically reinvested. Investors benefit from a low total expense ratio (TER) of 0.20% per annum. The benchmark MSCI World Index, which captures about 85% of the listed market capitalization across 23 developed countries, closed at 4,316.09 USD on April 3, 2026.