Poland-Focused Equity ETFs (Single-Country):
These track Polish stock indices exclusively. Examples include the iShares MSCI Poland funds (available in UCITS and US versions), local Beta ETFs tracking WIG indices, and an Expat fund:
- iShares MSCI Poland UCITS ETF (Acc) – Tracks the MSCI Poland index (large/mid-cap Polish stocks).
- iShares MSCI Poland ETF (EPOL) – US-listed ETF tracking a broad MSCI Poland IMI 25/50 Index (Polish equities).
- Beta ETF WIG20TR – WSE-listed fund tracking the WIG20 Total Return index (20 largest Warsaw stocks, including dividends).
- Beta ETF mWIG40TR – WSE-listed, tracks the mWIG40 Total Return (40 mid-cap Polish stocks)
- Beta ETF sWIG80TR – WSE-listed, tracks the mWIG40 Total Return (40 mid-cap Polish stocks)
- Expat Poland WIG20 UCITS ETF – Tracks the WIG20 index (20 largest Polish stocks, price index).
Regional/Thematic ETFs Including Poland. These are broader funds where Poland constitutes a significant portion (generally ≥5% of holdings):
- Amundi MSCI Eastern Europe ex-Russia UCITS ETF – Tracks MSCI EM Eastern Europe ex-Russia (primarily Poland ~70%, plus Hungary, Czech).
- (Former ETFs) – Note that some Eastern Europe ETFs (e.g. Xtrackers MSCI EM Eastern Europe 10/40) have been liquidated due to low assets or Russia’s market removal. Currently, the Amundi fund is the main broad Eastern Europe ETF, given Russia’s exclusion..
Polish Bonds ETF:
- Beta ETF TBSP (Polish Treasury Bond) – GPW-listed fund tracking the TBSP index of PLN-denominated Polish government bonds, the first bond ETF on the Warsaw exchangeetfstrategy.com. (This is the only notable Polish bond ETF and is not an equity fund.)
Each ETF is either Poland-only or part of a broader regional index. Most Poland-focused equity ETFs are physically replicated (holding actual Polish stocks), while a few use synthetic swaps for efficiency or to overcome local market frictions. For example, the iShares and Beta ETFs use physical replication, whereas Amundi’s Eastern Europe fund uses swaps (synthetic)
Gaining exposure to Polish equities is feasible for investors worldwide through a variety of ETFs. For most retail investors in the EU, the iShares MSCI Poland UCITS (Acc) is the most straightforward and robust choice, offering core exposure to Poland’s market. US investors should stick with iShares EPOL, which has proven performance and liquidity. Those looking to broaden or deepen their exposure can complement the core with Beta’s mid- or small-cap funds (if accessible), or even consider the regional Amundi fund to include neighboring markets
For more detailed analysis of these ETFs, including performance, fees, and suitability for different investment strategies, please refer to our ETF analysis guide.