"BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the FTSE EPRA/NAREIT Eurozone Capped Index. This index reflects the development of European stocks . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company EasyETF claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2014 was -0.09% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.