"BNP Paribas Easy MSCI EMU Min TE UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI EMU Select Filtered Min TE Index. This index reflects the development of securities . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings are automatically reinvested (accumulated). The fund company EasyETF claims a total expense ratio (TER) of 0.15% per year. The yearly average divergence from the index performance (Tracking Difference) since 2011 was -0.19% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.