OriginaveMSCI World Enhanced Value Index
What the MSCI World Enhanced Value Index is, where it lives officially, and how its ride has looked over the years.
What does the MSCI World Enhanced Value Index track?
Companies from the developed world that look cheap next to their earnings and book value — the global version of the value factor, roughly 400 names picked and weighted by MSCI's enhanced-value recipe.
Same idea as US value investing, wider hunting ground: Japanese carmakers and European banks sit next to the American names. Cheap can stay cheap for years — patience required.
MSCI
Every figure here is in pounds — what you'd actually pocket buying on the London Stock Exchange. Fund fact sheets usually headline returns in US dollars, which can look very different in years when the pound moves against the dollar. Here's the full story, year by year.
IWFV since 2014
The chart shows the dividend-adjusted share price of IWFV, the ETF tracking this index — not the raw index level. The shape of the ride is the same.
IWFV returns by year (USD)
| Year | Total return |
|---|---|
| 2026 (so far) | +33.94% |
| 2025 | +30.69% |
| 2024 | +6.85% |
| 2023 | +13.02% |
| 2022 | +0.95% |
| 2021 | +21.60% |
| 2020 | -6.91% |
| 2019 | +14.69% |
| 2018 | -9.34% |
| 2017 | +12.04% |
| 2016 | +29.68% |
| 2015 | +1.33% |
| 2014 | -34.90% |
Calendar-year total returns of IWFV in USD, dividends reinvested — the ETF tracking this index, not the raw index level.
Compare IWFV head to head
Yearly returns side by side against the other funds we track.